Oakbrook Investments LLC lessened its position in shares of Dominion Energy Inc. (NYSE:D) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,341 shares of the utilities provider’s stock after selling 4,420 shares during the quarter. Oakbrook Investments LLC’s holdings in Dominion Energy were worth $1,796,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. BlackRock Inc. increased its holdings in Dominion Energy by 3,615.9% during the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after purchasing an additional 44,293,566 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Dominion Energy by 1,955.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock valued at $128,159,000 after buying an additional 1,591,057 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 3.4% in the 1st 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 period. Wells Fargo & Company MN lifted its holdings in shares of Dominion Energy by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after buying an additional 1,209,768 shares during the period. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Dominion Energy by 31.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock valued at $322,696,000 after buying an additional 1,014,670 shares during the period. Institutional investors and hedge funds own 64.41% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, July 11th. 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 research note on Wednesday, July 26th. Deutsche Bank AG upped their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $80.70.
Dominion Energy Inc. (NYSE:D) opened at 81.48 on Tuesday. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $82.05. The firm’s 50 day moving average price is $78.42 and its 200 day moving average price is $78.29. The stock has a market cap of $52.36 billion, a price-to-earnings ratio of 23.58 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. Equities analysts forecast that Dominion Energy Inc. will post $3.59 earnings per share for the current year.
The business also recently announced 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 represents a $3.08 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is 87.28%.
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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