APG Asset Management N.V. increased its holdings in shares of Dominion Energy Inc. (NYSE:D) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 858,242 shares of the utilities provider’s stock after acquiring an additional 41,000 shares during the period. APG Asset Management N.V. owned about 0.13% of Dominion Energy worth $66,025,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at about $1,115,000. Verition Fund Management LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at about $995,000. Westwood Holdings Group Inc. boosted its position in shares of Dominion Energy by 27.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 1,674 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Dominion Energy by 3.8% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock valued at $3,145,000 after acquiring an additional 1,488 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Dominion Energy by 4.1% during the 2nd quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock valued at $1,324,000 after acquiring an additional 674 shares in the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.
Dominion Energy Inc. (NYSE D) opened at 81.48 on Tuesday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $82.05. The firm has a 50-day moving average of $78.42 and a 200-day moving average of $78.29. The firm has a market capitalization of $52.36 billion, a price-to-earnings ratio of 23.58 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company posted $1.14 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Dominion Energy Inc. will post $3.59 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a $0.77 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
D has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Deutsche Bank AG lifted their target price 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. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research report on Thursday, September 14th. Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 target price on shares of Dominion Energy in a research report on Monday, August 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Twelve analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.70.
Dominion Energy 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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