Janus Capital Management LLC raised its position in shares of Dominion Energy Inc. (NYSE:D) by 252.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 820,785 shares of the utilities provider’s stock after buying an additional 587,880 shares during the period. Janus Capital Management LLC owned about 0.13% of Dominion Energy worth $63,668,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Tradewinds Capital Management LLC raised its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp raised its position in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares in the last quarter. Clean Yield Group purchased a new position in Dominion Energy during the first quarter worth approximately $117,000. Bollard Group LLC raised its position in Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock worth $118,000 after buying an additional 13 shares in the last quarter. Finally, Advantage Investment Management LLC raised its position in Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock worth $123,000 after buying an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 66.12% of the company’s stock.
Shares of Dominion Energy Inc. (D) traded down 0.40% during trading on Friday, reaching $77.51. 381,479 shares of the company were exchanged. The stock has a market capitalization of $49.81 billion, a price-to-earnings ratio of 22.43 and a beta of 0.28. The company has a 50 day moving average price of $77.11 and a 200-day moving average price of $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 announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Dominion Energy Inc. will post $3.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is 87.28%.
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A number of equities analysts have recently commented on the stock. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley dropped their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Deutsche Bank AG lifted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average 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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