Fayez Sarofim & Co. Continues to Hold Holdings in Dominion Energy Inc. (D)
Fayez Sarofim & Co. maintained its position in Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,741 shares of the utilities provider’s stock at the end of the second quarter. Fayez Sarofim & Co.’s holdings in Dominion Energy were worth $210,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Magellan Asset Management Ltd increased its position in Dominion Energy by 16.7% during the 2nd quarter. Magellan Asset Management Ltd now owns 241,598 shares of the utilities provider’s stock valued at $18,514,000 after buying an additional 34,589 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Dominion Energy by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 24,004 shares of the utilities provider’s stock valued at $1,839,000 after buying an additional 640 shares in the last quarter. Profund Advisors LLC increased its position in Dominion Energy by 38.5% during the 2nd quarter. Profund Advisors LLC now owns 57,913 shares of the utilities provider’s stock valued at $4,438,000 after buying an additional 16,089 shares in the last quarter. Stevens Capital Management LP bought a new position in Dominion Energy during the 2nd quarter valued at approximately $2,084,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its position in Dominion Energy by 0.3% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 44,965 shares of the utilities provider’s stock valued at $3,446,000 after buying an additional 145 shares in the last quarter. 64.44% of the stock is owned by institutional investors.
Shares of Dominion Energy Inc. (NYSE:D) opened at 77.74 on Wednesday. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The firm’s 50-day moving average price is $78.17 and its 200 day moving average price is $78.10. The stock has a market capitalization of $49.95 billion, a P/E ratio of 22.50 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business 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 business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. Analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s payout ratio is presently 87.28%.
D has been the subject of a number of analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, July 11th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. cut their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently 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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