United Services Automobile Association boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 526,111 shares of the utilities provider’s stock after buying an additional 5,175 shares during the period. United Services Automobile Association owned about 0.08% of Dominion Energy worth $40,810,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Toth Financial Advisory Corp increased its position in shares of Dominion Energy by 19.2% in the first quarter. Toth Financial Advisory Corp now owns 13,924 shares of the utilities provider’s stock worth $1,080,000 after buying an additional 2,246 shares during the last quarter. Beacon Financial Group acquired a new position in shares of Dominion Energy during the first quarter worth $359,000. Macquarie Group Ltd. increased its position in shares of Dominion Energy by 3.0% in the fourth quarter. Macquarie Group Ltd. now owns 547,700 shares of the utilities provider’s stock worth $41,948,000 after buying an additional 16,200 shares during the last quarter. Searle & CO. acquired a new position in shares of Dominion Energy during the fourth quarter worth $1,405,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Dominion Energy during the fourth quarter worth $1,554,000. 66.12% of the stock is owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (NYSE D) opened at 77.92 on Tuesday. The stock’s 50 day moving average is $77.52 and its 200-day moving average is $77.14. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The stock has a market cap of $48.94 billion, a PE ratio of 22.55 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates 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 was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Equities analysts expect that Dominion Energy Inc. will post $3.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.88%. Dominion Energy’s payout ratio is presently 87.28%.
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D has been the topic of a number of research reports. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, April 10th. BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Barclays PLC reiterated an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Deutsche Bank AG upped their target price on shares of Dominion Energy from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, Morgan Stanley cut their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $80.57.
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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