Teachers Advisors LLC grew its stake in Dominion Energy Inc. (NYSE:D) by 17.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,120,559 shares of the utilities provider’s stock after buying an additional 164,949 shares during the quarter. Teachers Advisors LLC owned 0.18% of Dominion Energy worth $85,868,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in D. Waldron LP purchased a new position in shares of Dominion Energy in the 1st quarter valued at about $236,000. Novare Capital Management LLC boosted its stake in shares of Dominion Energy by 15.6% in the 1st quarter. Novare Capital Management LLC now owns 3,221 shares of the utilities provider’s stock valued at $250,000 after buying an additional 435 shares during the period. Clean Yield Group purchased a new position in shares of Dominion Energy in the 1st quarter valued at about $117,000. Ray Gerald L & Associates Ltd. boosted its stake in shares of Dominion Energy by 2.2% in the 1st quarter. Ray Gerald L & Associates Ltd. now owns 30,195 shares of the utilities provider’s stock valued at $2,342,000 after buying an additional 650 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Dominion Energy by 9.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 49,207 shares of the utilities provider’s stock valued at $3,817,000 after buying an additional 4,120 shares during the period. Institutional investors and hedge funds own 64.44% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE:D) opened at 76.81 on Friday. The stock has a market cap of $49.36 billion, a PE ratio of 22.23 and a beta of 0.28. The company’s 50-day moving average price is $78.26 and its 200 day moving average price is $78.12. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. Equities analysts forecast that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, July 11th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. decreased their target price 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. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and an average price target of $80.38.
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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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