Trust Co. of Virginia VA Acquires 469 Shares of Dominion Energy Inc. (D)
Trust Co. of Virginia VA boosted its holdings in Dominion Energy Inc. (NYSE:D) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,040 shares of the utilities provider’s stock after buying an additional 469 shares during the quarter. Trust Co. of Virginia VA’s holdings in Dominion Energy were worth $3,604,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its stake in Dominion Energy by 3.8% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock worth $3,145,000 after purchasing an additional 1,488 shares during the period. Bessemer Group Inc. boosted its stake in Dominion Energy by 4.1% in the 2nd quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock worth $1,324,000 after purchasing an additional 674 shares during the period. Aviva PLC boosted its stake in Dominion Energy by 2.0% in the 2nd quarter. Aviva PLC now owns 395,741 shares of the utilities provider’s stock worth $30,330,000 after purchasing an additional 7,620 shares during the period. Marshall Wace North America L.P. acquired a new position in Dominion Energy in the 2nd quarter worth approximately $1,749,000. Finally, IBM Retirement Fund boosted its stake in Dominion Energy by 123.8% in the 2nd quarter. IBM Retirement Fund now owns 15,374 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 8,506 shares during the period. Hedge funds and other institutional investors own 64.44% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE:D) opened at 76.81 on Friday. The firm’s 50 day moving average is $78.29 and its 200-day moving average is $78.12. The firm has a market cap of $49.36 billion, a price-to-earnings ratio of 22.23 and a beta of 0.28. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Dominion Energy Inc. will post $3.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were given a dividend of $0.755 per share. 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 dividend payout ratio is 87.28%.
D has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG raised their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research note on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a research note on Monday, August 21st. Finally, Citigroup Inc. decreased their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and an average target price of $80.38.
Dominion Energy Profile
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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