Teachers Insurance & Annuity Association of America maintained its stake in Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,200 shares of the utilities provider’s stock at the end of the first quarter. Teachers Insurance & Annuity Association of America’s holdings in Dominion Energy were worth $10,720,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its position in shares of Dominion Energy by 67.7% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,975 shares of the utilities provider’s stock valued at $153,000 after buying an additional 797 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Dominion Energy during the first quarter valued at $676,000. AQR Capital Management LLC increased its position in shares of Dominion Energy by 9.9% in the first quarter. AQR Capital Management LLC now owns 335,783 shares of the utilities provider’s stock valued at $26,047,000 after buying an additional 30,133 shares in the last quarter. Investment Centers of America Inc. increased its position in shares of Dominion Energy by 1.4% in the first quarter. Investment Centers of America Inc. now owns 3,074 shares of the utilities provider’s stock valued at $241,000 after buying an additional 41 shares in the last quarter. Finally, New England Asset Management Inc. increased its position in shares of Dominion Energy by 25.9% in the first quarter. New England Asset Management Inc. now owns 40,600 shares of the utilities provider’s stock valued at $3,150,000 after buying an additional 8,350 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Dominion Energy Inc. (NYSE D) traded up 0.493% during mid-day trading on Friday, reaching $78.505. 748,378 shares of the company were exchanged. The company has a market capitalization of $50.45 billion, a price-to-earnings ratio of 22.722 and a beta of 0.28. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The company has a 50 day moving average of $77.07 and a 200-day moving average of $77.29.
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 net margin of 17.48% and a return on equity of 14.04%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Dominion Energy Inc. will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders 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 dividend yield of 3.87%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
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Several research analysts recently weighed in on D shares. Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 target price (up previously from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Morgan Stanley dropped their target price 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. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Finally, BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $80.57.
About Dominion Energy
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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