Dominion Energy Inc (D) Shares Bought by Exane Asset Management
Exane Asset Management raised its holdings in shares of Dominion Energy Inc (NYSE:D) by 52.2% in the 4th quarter, Holdings Channel reports. The firm owned 24,644 shares of the utilities provider’s stock after purchasing an additional 8,449 shares during the quarter. Dominion Energy accounts for 1.0% of Exane Asset Management’s holdings, making the stock its 20th biggest holding. Exane Asset Management’s holdings in Dominion Energy were worth $1,761,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Dominion Energy by 654.3% in the second quarter. Advisors Asset Management Inc. now owns 77,824 shares of the utilities provider’s stock valued at $5,306,000 after acquiring an additional 67,507 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Dominion Energy by 464.9% in the second quarter. Schroder Investment Management Group now owns 217,879 shares of the utilities provider’s stock valued at $14,918,000 after acquiring an additional 179,310 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Dominion Energy by 21.6% in the third quarter. Bank of Montreal Can now owns 877,227 shares of the utilities provider’s stock valued at $61,652,000 after acquiring an additional 155,775 shares in the last quarter. Krueger & Catalano Capital Partners LLC bought a new stake in shares of Dominion Energy in the third quarter valued at about $227,000. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of Dominion Energy by 5.5% in the third quarter. Tandem Investment Advisors Inc. now owns 175,847 shares of the utilities provider’s stock valued at $12,359,000 after acquiring an additional 9,089 shares in the last quarter. Institutional investors and hedge funds own 67.97% of the company’s stock.
A number of brokerages have commented on D. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Monday, October 22nd. Barclays began coverage on shares of Dominion Energy in a report on Monday, October 22nd. They issued a “buy” rating and a $78.00 target price for the company. Bank of America reduced their target price on shares of Dominion Energy from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. ValuEngine downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $84.00 in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $85.55.
Shares of D stock opened at $73.05 on Monday. Dominion Energy Inc has a fifty-two week low of $61.53 and a fifty-two week high of $77.19. The stock has a market cap of $47.96 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.87 and a beta of 0.21. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. Dominion Energy’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Dominion Energy Inc will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.9175 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, February 28th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 5.02%. Dominion Energy’s payout ratio is presently 82.47%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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