Private Wealth Advisors Inc. Has $344,000 Stake in Dominion Energy Inc. (D)
Private Wealth Advisors Inc. maintained its position in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,488 shares of the utilities provider’s stock at the close of the second quarter. Private Wealth Advisors Inc.’s holdings in Dominion Energy were worth $344,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after acquiring an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after purchasing an additional 1,435,767 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after purchasing an additional 790,484 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Dominion Energy by 5.4% in the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after purchasing an additional 461,484 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after purchasing an additional 1,209,768 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Inc. (NYSE D) opened at 76.87 on Thursday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The company has a 50-day moving average of $78.33 and a 200 day moving average of $78.13. The firm has a market cap of $49.40 billion, a price-to-earnings ratio of 22.25 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, equities research analysts anticipate that Dominion Energy Inc. will post $3.63 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s payout ratio is presently 87.28%.
A number of equities research analysts have issued reports on D shares. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a research note on Monday, August 21st. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Dominion Energy has an average rating of “Hold” and an average price target of $80.38.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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