Forsta AP Fonden trimmed its position in shares of Dominion Energy Inc (NYSE:D) by 38.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,202 shares of the utilities provider’s stock after selling 136,318 shares during the period. Forsta AP Fonden’s holdings in Dominion Energy were worth $14,877,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rothschild Investment Corp IL bought a new stake in shares of Dominion Energy in the second quarter worth $5,195,000. Independent Advisor Alliance increased its stake in Dominion Energy by 12.2% during the second quarter. Independent Advisor Alliance now owns 40,595 shares of the utilities provider’s stock valued at $2,607,000 after purchasing an additional 4,427 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its stake in Dominion Energy by 25.7% during the second quarter. Beacon Investment Advisory Services Inc. now owns 48,020 shares of the utilities provider’s stock valued at $3,274,000 after purchasing an additional 9,813 shares during the last quarter. Northstar Investment Advisors LLC increased its stake in Dominion Energy by 25.7% during the second quarter. Northstar Investment Advisors LLC now owns 122,520 shares of the utilities provider’s stock valued at $8,353,000 after purchasing an additional 25,055 shares during the last quarter. Finally, Twin Tree Management LP increased its stake in Dominion Energy by 20.4% during the second quarter. Twin Tree Management LP now owns 59,813 shares of the utilities provider’s stock valued at $4,078,000 after purchasing an additional 10,117 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
D has been the subject of several analyst reports. Argus boosted their price target on shares of Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “hold” rating and issued a $76.00 price objective (up previously from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. ValuEngine raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, September 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $83.75.
NYSE D traded up $1.16 on Friday, hitting $71.85. 3,557,715 shares of the company were exchanged, compared to its average volume of 4,118,124. The company has a market cap of $45.95 billion, a PE ratio of 19.96, a PEG ratio of 2.82 and a beta of 0.23. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $85.30. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. Research analysts forecast that Dominion Energy Inc will post 4.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Friday, September 7th were paid a $0.835 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s payout ratio is 92.78%.
In other news, Director John W. Harris purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was acquired at an average price of $71.15 per share, with a total value of $711,500.00. Following the purchase, the director now owns 17,495 shares in the company, valued at approximately $1,244,769.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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