Evercore Wealth Management LLC Sells 3,764 Shares of Dominion Energy Inc. (D)
Evercore Wealth Management LLC decreased its stake in shares of Dominion Energy Inc. (NYSE:D) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,204 shares of the utilities provider’s stock after selling 3,764 shares during the period. Evercore Wealth Management LLC’s holdings in Dominion Energy were worth $1,165,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position 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 valued at $3,530,873,000 after purchasing an additional 44,293,566 shares during the period. Vanguard Group Inc. grew its position in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after purchasing an additional 1,435,767 shares during the period. Wells Fargo & Company MN grew its position in shares of 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 valued at $468,223,000 after purchasing an additional 1,209,768 shares during the period. Commonwealth Bank of Australia grew its position in shares of Dominion Energy by 31.7% in the second quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock valued at $322,696,000 after purchasing an additional 1,014,670 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in shares of Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock valued at $212,676,000 after purchasing an additional 838,574 shares during the period. 64.43% of the stock is owned by institutional investors.
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D has been the subject of a number of recent analyst reports. J P Morgan Chase & Co lifted their price objective on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, October 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 report on Thursday, September 14th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $80.56.
Dominion Energy Inc. (NYSE D) opened at 79.03 on Tuesday. The company has a 50-day moving average price of $78.04 and a 200-day moving average price of $78.11. The firm has a market cap of $50.78 billion, a PE ratio of 22.87 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year 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 Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. Dominion Energy’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities analysts predict that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. Dominion Energy’s dividend payout ratio is currently 87.28%.
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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