KBC Group NV increased its holdings in Dominion Energy Inc (NYSE:D) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,385 shares of the utilities provider’s stock after purchasing an additional 44,571 shares during the period. KBC Group NV’s holdings in Dominion Energy were worth $23,999,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Interactive Financial Advisors acquired a new position in shares of Dominion Energy during the first quarter worth about $26,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Dominion Energy by 133.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Manchester Financial Inc. acquired a new position in shares of Dominion Energy during the second quarter worth about $27,000. NuWave Investment Management LLC lifted its stake in shares of Dominion Energy by 651.0% during the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 319 shares in the last quarter. Finally, Lenox Wealth Management Inc. lifted its stake in shares of Dominion Energy by 294.1% during the first quarter. Lenox Wealth Management Inc. now owns 402 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 300 shares in the last quarter. 64.29% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE D opened at $76.89 on Thursday. Dominion Energy Inc has a 1 year low of $67.41 and a 1 year high of $79.47. The firm has a market cap of $61.72 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.85 and a beta of 0.25. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. The stock’s 50-day simple moving average is $76.19 and its 200-day simple moving average is $76.02.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy Inc will post 4.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.77%. Dominion Energy’s dividend payout ratio is presently 90.62%.
A number of brokerages have commented on D. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Morgan Stanley set a $84.00 price objective on Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and boosted 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. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research note on Thursday, July 4th. Finally, KeyCorp began coverage on Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $79.33.
Dominion Energy Company 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.
Further Reading: Market Perform
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