Edgestream Partners L.P. Acquires Shares of 8,712 Dominion Energy Inc. (D)
Edgestream Partners L.P. acquired a new position in shares of Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,712 shares of the utilities provider’s stock, valued at approximately $676,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Prospera Financial Services Inc boosted its stake in Dominion Energy by 10.5% in the first quarter. Prospera Financial Services Inc now owns 13,194 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 1,254 shares during the last quarter. Private Trust Co. NA boosted its stake in Dominion Energy by 5.2% in the first quarter. Private Trust Co. NA now owns 7,779 shares of the utilities provider’s stock valued at $603,000 after buying an additional 383 shares during the last quarter. TNB Financial acquired a new stake in Dominion Energy during the first quarter valued at about $1,141,000. Adirondack Trust Co. boosted its stake in Dominion Energy by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,473 shares of the utilities provider’s stock valued at $269,000 after buying an additional 20 shares during the last quarter. Finally, First National Bank of Omaha boosted its stake in Dominion Energy by 12.3% in the first quarter. First National Bank of Omaha now owns 3,650 shares of the utilities provider’s stock valued at $283,000 after buying an additional 400 shares during the last quarter. 66.12% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Inc. (NYSE:D) traded down 0.032% during mid-day trading on Monday, reaching $78.055. The company’s stock had a trading volume of 233,966 shares. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The firm’s 50 day moving average is $77.52 and its 200-day moving average is $77.14. The stock has a market cap of $49.03 billion, a P/E ratio of 22.585 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’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 EPS. Equities analysts expect that Dominion Energy Inc. will post $3.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.755 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.87%. Dominion Energy’s dividend payout ratio is currently 87.28%.
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Several research firms recently issued reports on D. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Deutsche Bank AG raised their target price on Dominion Energy from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC reissued an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Finally, Citigroup Inc. cut their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $80.57.
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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