Douglas Lane & Associates LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,183 shares of the utilities provider’s stock after buying an additional 293 shares during the period. Douglas Lane & Associates LLC’s holdings in Dominion Energy were worth $244,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its position in Dominion Energy by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 901,701 shares of the utilities provider’s stock worth $69,061,000 after buying an additional 15,804 shares during the last quarter. Macquarie Group Ltd. increased its position in Dominion Energy by 3.0% in the fourth quarter. Macquarie Group Ltd. now owns 547,700 shares of the utilities provider’s stock worth $41,948,000 after buying an additional 16,200 shares during the last quarter. Beacon Financial Group bought a new stake in shares of Dominion Energy during the first quarter worth approximately $359,000. Toth Financial Advisory Corp boosted its stake in shares of Dominion Energy by 19.2% in the first quarter. Toth Financial Advisory Corp now owns 13,924 shares of the utilities provider’s stock worth $1,080,000 after buying an additional 2,246 shares during the period. Finally, Bath Savings Trust Co boosted its stake in shares of Dominion Energy by 9.8% in the first quarter. Bath Savings Trust Co now owns 9,380 shares of the utilities provider’s stock worth $728,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.
Dominion Energy Inc. (NYSE D) opened at 78.69 on Friday. The company has a 50 day moving average price of $77.11 and a 200-day moving average price of $77.32. The company has a market cap of $50.57 billion, a PE ratio of 22.78 and a beta of 0.28. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65.
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 3.84%. Dominion Energy’s payout ratio is 87.28%.
A number of analysts have recently commented on the company. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Deutsche Bank AG increased their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley cut their price objective on 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. cut their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus 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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