Bragg Financial Advisors Inc cut its stake in Dominion Energy Inc. (NYSE:D) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,548 shares of the utilities provider’s stock after selling 475 shares during the period. Bragg Financial Advisors Inc’s holdings in Dominion Energy were worth $2,525,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in 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 buying an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 buying an additional 1,435,767 shares during the last quarter. Wells Fargo & Company MN raised its stake in 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 valued at $380,127,000 after buying an additional 949,647 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in 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 buying an additional 838,574 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the last quarter. 66.12% of the stock is owned by institutional investors.
Dominion Energy Inc. (NYSE:D) traded down 0.40% during midday trading on Friday, reaching $77.51. 382,661 shares of the company were exchanged. The firm has a market cap of $49.81 billion, a P/E ratio of 22.43 and a beta of 0.28. The firm’s 50-day moving average is $77.11 and its 200-day moving average is $77.21. 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 results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 17.48% and a return on equity of 14.04%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities analysts expect that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.88%. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
Several equities research analysts have recently issued reports on D shares. Zacks Investment Research raised shares of 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 lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and set a $89.00 price target (up from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Morgan Stanley lowered their price target 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. Finally, Citigroup Inc. lowered their price target 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. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $80.57.
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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