Van ECK Associates Corp Boosts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Van ECK Associates Corp raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,497 shares of the utilities provider’s stock after purchasing an additional 8,893 shares during the quarter. Van ECK Associates Corp’s holdings in Dominion Energy were worth $9,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its position in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Wellington Management Group LLP increased its position in Dominion Energy by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after purchasing an additional 2,153,488 shares during the period. Capital Research Global Investors increased its position in Dominion Energy by 136.5% during the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the period. Federated Hermes Inc. increased its position in Dominion Energy by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares during the period. Finally, Morgan Stanley grew its position in shares of Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after buying an additional 803,341 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.5 %

Dominion Energy stock traded down $0.24 during mid-day trading on Friday, hitting $48.97. The company had a trading volume of 1,160,871 shares, compared to its average volume of 4,838,055. The stock has a market cap of $41.02 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.32 and a beta of 0.58. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $51.46 and a 200 day moving average of $48.73.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.45%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Wells Fargo & Company boosted their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Finally, StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $51.73.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.