9,938 Shares in Dominion Energy Inc. (D) Purchased by Captrust Financial Advisors
Captrust Financial Advisors bought a new position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,938 shares of the utilities provider’s stock, valued at approximately $762,000.
Several other large investors also recently modified their holdings of D. BlackRock Inc. increased its position in shares of Dominion Energy by 3,615.9% during 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 period. Vanguard Group Inc. increased its position in shares of Dominion Energy by 3.4% during the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after acquiring an additional 1,435,767 shares during the period. Wells Fargo & Company MN increased its position in shares of Dominion Energy by 24.7% during the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after acquiring an additional 1,209,768 shares during the period. Commonwealth Bank of Australia increased its position in shares of Dominion Energy by 31.7% during the second quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock worth $322,696,000 after acquiring an additional 1,014,670 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in shares of Dominion Energy by 44.1% during the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock worth $212,676,000 after acquiring an additional 838,574 shares during the period. 64.44% of the stock is currently owned by institutional investors and hedge funds.
D has been the topic of a number of research reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. reduced their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research report on Thursday, September 14th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Dominion Energy currently has an average rating of “Hold” and an average target price of $80.38.
Dominion Energy Inc. (NYSE D) opened at 76.81 on Friday. The company has a market capitalization of $49.36 billion, a P/E ratio of 22.23 and a beta of 0.28. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock’s 50 day moving average is $78.26 and its 200-day moving average is $78.12.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the 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 firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
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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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