Texas Permanent School Fund cut its position in Dominion Energy Inc. (NYSE:D) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 176,727 shares of the utilities provider’s stock after selling 6,798 shares during the period. Texas Permanent School Fund’s holdings in Dominion Energy were worth $13,543,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Benedict Financial Advisors Inc. raised its holdings in Dominion Energy by 1.1% in the second quarter. Benedict Financial Advisors Inc. now owns 24,940 shares of the utilities provider’s stock worth $1,935,000 after purchasing an additional 276 shares during the period. Ingalls & Snyder LLC raised its holdings in Dominion Energy by 0.9% in the second quarter. Ingalls & Snyder LLC now owns 60,799 shares of the utilities provider’s stock worth $4,659,000 after purchasing an additional 568 shares during the period. Daiwa Securities Group Inc. raised its holdings in Dominion Energy by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 17,900 shares of the utilities provider’s stock worth $1,372,000 after purchasing an additional 650 shares during the period. Grove Bank & Trust raised its holdings in Dominion Energy by 17.7% in the second quarter. Grove Bank & Trust now owns 16,244 shares of the utilities provider’s stock worth $1,244,000 after purchasing an additional 2,448 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Dominion Energy by 4.1% in the second quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock worth $1,324,000 after purchasing an additional 674 shares during the period. Institutional investors own 64.49% of the company’s stock.
D has been the subject of several research reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, Deutsche Bank AG increased their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $80.25.
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Shares of Dominion Energy Inc. (D) traded up 0.42% on Friday, hitting $79.50. 6,853,073 shares of the stock were exchanged. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock has a market cap of $51.09 billion, a price-to-earnings ratio of 23.01 and a beta of 0.29. The stock’s 50-day moving average is $78.48 and its 200-day moving average is $78.03.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. Analysts forecast that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.80%. Dominion Energy’s payout ratio is 87.28%.
About Dominion Energy
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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