Greenleaf Trust Has $849,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Greenleaf Trust boosted its position in Dominion Energy, Inc. (NYSE:DGet Rating) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,642 shares of the utilities provider’s stock after buying an additional 1,642 shares during the quarter. Greenleaf Trust’s holdings in Dominion Energy were worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Blume Capital Management Inc. acquired a new stake in Dominion Energy in the 1st quarter worth $27,000. Curi Wealth Management LLC grew its position in Dominion Energy by 1,755.0% in the 2nd quarter. Curi Wealth Management LLC now owns 371 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 351 shares during the last quarter. Covestor Ltd grew its position in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Elequin Capital LP acquired a new stake in Dominion Energy in the 1st quarter worth $34,000. Finally, Syverson Strege & Co acquired a new stake in Dominion Energy in the 2nd quarter worth $33,000. 69.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on D. Wolfe Research lowered shares of Dominion Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 7th. StockNews.com assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company decreased their target price on shares of Dominion Energy from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 19th. Mizuho decreased their target price on shares of Dominion Energy from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, October 6th. Finally, Bank of America lowered shares of Dominion Energy from a “buy” rating to an “underperform” rating and decreased their target price for the company from $94.00 to $59.00 in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.08.

Dominion Energy Trading Up 1.3 %

Shares of D stock opened at $61.03 on Thursday. Dominion Energy, Inc. has a 12-month low of $57.95 and a 12-month high of $88.78. The company has a market capitalization of $50.86 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 0.46. The firm has a 50-day moving average price of $68.04 and a 200 day moving average price of $76.56. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:DGet Rating) last announced its earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. Dominion Energy had a net margin of 14.73% and a return on equity of 12.84%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 38.1% on a year-over-year basis. Research analysts forecast that Dominion Energy, Inc. will post 4.11 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, December 1st. Dominion Energy’s dividend payout ratio is presently 95.70%.

About Dominion Energy

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

See Also

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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