Summit Global Investments Sells 3,048 Shares of Dominion Energy Inc. (D)
Summit Global Investments lessened its position in shares of Dominion Energy Inc. (NYSE:D) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,324 shares of the utilities provider’s stock after selling 3,048 shares during the quarter. Summit Global Investments’ holdings in Dominion Energy were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in Dominion Energy by 1.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after buying an additional 1,076 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Dominion Energy in the 2nd quarter valued at $107,000. Enterprise Financial Services Corp boosted its stake in Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after buying an additional 80 shares in the last quarter. Finally, Monroe Bank & Trust MI boosted its stake in Dominion Energy by 36.1% in the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after buying an additional 400 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors.
Dominion Energy Inc. (NYSE D) opened at 76.81 on Friday. The company has a market cap of $49.36 billion, a P/E ratio of 22.23 and a beta of 0.28. The firm has a 50-day moving average price of $78.26 and a 200 day moving average price of $78.12. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, equities analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis 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 presently 87.28%.
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D has been the topic of several recent analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, July 11th. BidaskClub lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. cut their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and an average target price of $80.38.
Dominion Energy Company 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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