Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock worth $380,127,000 after buying an additional 949,647 shares during the last quarter. Norges Bank acquired a new position in shares of Dominion Energy during the fourth quarter worth approximately $329,937,000. Pictet Asset Management Ltd. boosted its position in shares of Dominion Energy by 0.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,691,670 shares of the utilities provider’s stock worth $286,363,000 after buying an additional 31,618 shares during the last quarter. Swiss National Bank boosted its position in shares of Dominion Energy by 21.9% in the first quarter. Swiss National Bank now owns 2,820,737 shares of the utilities provider’s stock worth $218,805,000 after buying an additional 506,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Dominion Energy by 16.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,492,320 shares of the utilities provider’s stock worth $193,329,000 after buying an additional 347,555 shares during the last quarter. 66.18% of the stock is owned by institutional investors.
Neuberger Berman Group LLC decreased its stake in shares of Dominion Energy Inc. (NYSE:D) by 45.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,690 shares of the utilities provider’s stock after selling 104,761 shares during the period. Neuberger Berman Group LLC’s holdings in Dominion Energy were worth $9,672,000 as of its most recent SEC filing.
Dominion Energy Inc. (NYSE D) traded up 0.72% during midday trading on Wednesday, hitting $77.86. 1,674,570 shares of the stock traded hands. The company’s 50-day moving average is $77.52 and its 200 day moving average is $77.14. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The firm has a market cap of $48.97 billion, a P/E ratio of 21.80 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 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 the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.53% and a net margin of 18.29%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, analysts anticipate that Dominion Energy Inc. will post $3.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.88%. Dominion Energy’s payout ratio is currently 84.59%.
Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Morgan Stanley decreased their price objective on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Citigroup Inc. decreased their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Finally, BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $80.43.
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.