Dominion Energy Inc. (D) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN raised its holdings in shares of Dominion Energy Inc. (NYSE:D) by 24.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,110,200 shares of the utilities provider’s stock after purchasing an additional 1,209,768 shares during the quarter. Wells Fargo & Company MN owned 0.97% of Dominion Energy worth $468,223,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its stake in shares of Dominion Energy by 3.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock valued at $3,145,000 after acquiring an additional 1,488 shares in the last quarter. Bessemer Group Inc. grew its stake 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 in the last quarter. Aviva PLC grew its stake in Dominion Energy by 2.0% in the second quarter. Aviva PLC now owns 395,741 shares of the utilities provider’s stock worth $30,330,000 after purchasing an additional 7,620 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Dominion Energy in the second quarter worth approximately $1,749,000. Finally, IBM Retirement Fund grew its stake in Dominion Energy by 123.8% in the second quarter. IBM Retirement Fund now owns 15,374 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 8,506 shares in the last quarter. Institutional investors and hedge funds own 64.44% of the company’s stock.
Several research firms have commented on D. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a report on Thursday, September 14th. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Citigroup Inc. dropped their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.38.
Shares of Dominion Energy Inc. (NYSE:D) opened at 75.95 on Wednesday. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The company has a market cap of $48.80 billion, a PE ratio of 21.98 and a beta of 0.28. The firm’s 50-day moving average price is $78.36 and its 200 day moving average price is $78.14.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. Equities research analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.
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Dominion Energy Company Profile
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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