Jennison Associates LLC lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,077 shares of the utilities provider’s stock after selling 41,183 shares during the period. Jennison Associates LLC owned 0.12% of Dominion Energy worth $58,396,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Dominion Energy by 3,615.9% in the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Janus Henderson Group PLC grew its stake in 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 worth $128,159,000 after buying an additional 1,591,057 shares in the last quarter. Vanguard Group Inc. grew its stake in Dominion Energy by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after buying an additional 1,435,767 shares in the last quarter. Wells Fargo & Company MN grew its stake in 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 worth $468,223,000 after buying an additional 1,209,768 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its stake in 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 worth $322,696,000 after buying an additional 1,014,670 shares in the last quarter. 64.27% of the stock is owned by institutional investors.
Shares of Dominion Energy Inc. (NYSE D) opened at $81.85 on Tuesday. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $82.13. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The stock has a market cap of $52,003.64, a price-to-earnings ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business posted $1.14 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. analysts forecast that Dominion Energy Inc. will post 3.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a dividend of $0.77 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s dividend payout ratio is currently 89.09%.
A number of research firms have commented on D. National Bank Financial cut shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research note on Wednesday, October 4th. Deutsche Bank AG boosted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Gabelli reissued a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Fifteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and a consensus price target of $80.70.
In related news, Director John W. Harris sold 5,616 shares of the company’s 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 completion of the sale, the director now directly owns 18,920 shares in the company, valued at approximately $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.37% of the company’s stock.
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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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