TIAA CREF Investment Management LLC raised its position in Dominion Energy Inc. (NYSE:D) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,383,753 shares of the utilities provider’s stock after acquiring an additional 124,474 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.38% of Dominion Energy worth $182,667,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its position in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $107,000. Enterprise Financial Services Corp increased its holdings in shares of Dominion Energy by 5.8% in the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 80 shares during the period. Finally, Monroe Bank & Trust MI increased its holdings in shares of Dominion Energy by 36.1% in the second quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 400 shares during the period. 64.43% of the stock is owned by institutional investors.
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A number of research analysts have recently issued reports on D shares. J P Morgan Chase & Co boosted their target price on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a report on Thursday, September 14th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $80.56.
Shares of Dominion Energy Inc. (D) opened at 79.03 on Tuesday. The firm has a market capitalization of $50.78 billion, a price-to-earnings ratio of 22.87 and a beta of 0.28. The firm’s 50-day moving average price is $78.04 and its 200 day moving average price is $78.11. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts anticipate that Dominion Energy Inc. will post $3.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date is Thursday, November 30th. 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 3.90%. Dominion Energy’s dividend payout ratio is presently 87.28%.
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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