Community Bank N.A. raised its stake in shares of Dominion Energy Inc (NYSE:D) by 4.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 59,843 shares of the utilities provider’s stock after acquiring an additional 2,388 shares during the period. Community Bank N.A.’s holdings in Dominion Energy were worth $4,858,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in Dominion Energy by 13.6% in the second quarter. State of Michigan Retirement System now owns 214,323 shares of the utilities provider’s stock worth $17,399,000 after acquiring an additional 25,669 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in Dominion Energy by 28.2% in the 2nd quarter. Koshinski Asset Management Inc. now owns 3,663 shares of the utilities provider’s stock valued at $297,000 after buying an additional 805 shares in the last quarter. Sciencast Management LP acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $746,000. Pacer Advisors Inc. lifted its stake in Dominion Energy by 8,651.3% during the 2nd quarter. Pacer Advisors Inc. now owns 69,573 shares of the utilities provider’s stock worth $5,648,000 after acquiring an additional 68,778 shares in the last quarter. Finally, GWM Advisors LLC increased its holdings in Dominion Energy by 6.4% during the 2nd quarter. GWM Advisors LLC now owns 15,711 shares of the utilities provider’s stock worth $1,276,000 after purchasing an additional 939 shares during the period. 66.38% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on D. Argus dropped their price target on Dominion Energy from $87.00 to $80.00 in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $87.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Scotiabank lifted their target price on Dominion Energy from $84.00 to $86.00 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, May 20th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Dominion Energy in a report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.06.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. As a group, sell-side analysts predict that Dominion Energy Inc will post 3.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 4.64%. Dominion Energy’s dividend payout ratio is 88.68%.
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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