Neuberger Berman Group LLC Grows Holdings in Dominion Energy Inc. (D)

Neuberger Berman Group LLC raised its stake in Dominion Energy Inc. (NYSE:D) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,417 shares of the utilities provider’s stock after buying an additional 22,174 shares during the period. Neuberger Berman Group LLC’s holdings in Dominion Energy were worth $11,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in D. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Dominion Energy by 3.5% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 3,697 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 125 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Dominion Energy by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 16,095 shares of the utilities provider’s stock valued at $1,233,000 after purchasing an additional 1,979 shares in the last quarter. Eastern Bank raised its holdings in shares of Dominion Energy by 3.3% in the 2nd quarter. Eastern Bank now owns 4,032 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 130 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Dominion Energy by 5.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 26,315 shares of the utilities provider’s stock valued at $2,017,000 after purchasing an additional 1,390 shares in the last quarter. Finally, IBM Retirement Fund raised its holdings in shares of Dominion Energy by 123.8% in the 2nd quarter. IBM Retirement Fund now owns 15,374 shares of the utilities provider’s stock valued at $1,316,000 after purchasing an additional 8,506 shares in the last quarter. 64.60% of the stock is owned by institutional investors.

Shares of Dominion Energy Inc. (NYSE D) opened at $80.44 on Tuesday. The company has a market cap of $51,765.54, a price-to-earnings ratio of 23.73, a PEG ratio of 3.96 and a beta of 0.29. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. Dominion Energy Inc. has a twelve month low of $70.87 and a twelve month high of $85.30.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. sell-side analysts predict that Dominion Energy Inc. will post 3.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, December 1st were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, November 30th. 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 yield of 3.83%. Dominion Energy’s dividend payout ratio is 90.86%.

D has been the subject of several recent analyst reports. National Bank Financial lowered shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research note on Wednesday, October 4th. Citigroup boosted their price objective on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Morgan Stanley boosted their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Finally, Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $81.50.

In related news, Director John W. Harris sold 5,616 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the sale, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

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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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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