Grove Bank & Trust boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 17.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,244 shares of the utilities provider’s stock after purchasing an additional 2,448 shares during the period. Dominion Energy makes up 0.8% of Grove Bank & Trust’s investment portfolio, making the stock its 28th largest holding. Grove Bank & Trust’s holdings in Dominion Energy were worth $1,244,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of D. Tradewinds Capital Management LLC increased its holdings in Dominion Energy by 1.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 13 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Dominion Energy by 62.6% during the 1st quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 530 shares in the last quarter. Clean Yield Group purchased a new position in Dominion Energy during the 1st quarter valued at about $117,000. Bollard Group LLC increased its holdings in Dominion Energy by 0.8% during the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 12 shares in the last quarter. Finally, Advantage Investment Management LLC increased its holdings in Dominion Energy by 247.7% during the 1st quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 1,127 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.
D has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a report on Thursday. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Citigroup Inc. lowered their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.25.
Dominion Energy Inc. (D) traded up 0.42% on Friday, hitting $79.50. 6,853,073 shares of the stock were exchanged. The company’s 50 day moving average price is $78.48 and its 200-day moving average price is $78.03. The company has a market cap of $51.09 billion, a P/E ratio of 23.01 and a beta of 0.29. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts predict that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.80%. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
Dominion Energy 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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