Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Dominion Energy Inc (NYSE:D) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,532 shares of the utilities provider’s stock, valued at approximately $1,091,000.
Several other hedge funds and other institutional investors have also modified their holdings of D. BlackRock Inc. raised its holdings in shares of Dominion Energy by 17.3% in the first quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock worth $4,245,862,000 after buying an additional 8,176,020 shares during the period. FMR LLC raised its holdings in shares of Dominion Energy by 77.6% in the first quarter. FMR LLC now owns 9,010,766 shares of the utilities provider’s stock worth $690,765,000 after buying an additional 3,935,958 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after buying an additional 1,697,619 shares during the period. Northern Trust Corp raised its holdings in shares of Dominion Energy by 15.0% in the first quarter. Northern Trust Corp now owns 9,653,170 shares of the utilities provider’s stock worth $740,011,000 after buying an additional 1,260,549 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Dominion Energy by 125.4% in the first quarter. Jennison Associates LLC now owns 1,857,965 shares of the utilities provider’s stock worth $142,432,000 after buying an additional 1,033,748 shares during the period. Hedge funds and other institutional investors own 63.99% of the company’s stock.
NYSE D traded down $0.02 during midday trading on Friday, hitting $77.03. 88,956 shares of the company traded hands, compared to its average volume of 4,140,503. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42. The company has a market cap of $60.56 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 3.76 and a beta of 0.25. The company’s 50-day simple moving average is $76.39 and its 200-day simple moving average is $75.76. Dominion Energy Inc has a 52 week low of $67.41 and a 52 week high of $79.47.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.67 annualized dividend and a yield of 4.76%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
Several research analysts recently issued reports on D shares. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on Dominion Energy in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $81.00 price objective on the stock. KeyCorp started coverage on Dominion Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $79.08.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. 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.
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