Dominion Energy Inc. (D) Stake Decreased by Macquarie Group Ltd.
Macquarie Group Ltd. lowered its stake in Dominion Energy Inc. (NYSE:D) by 6.6% during the first quarter, Holdings Channel reports. The firm owned 511,800 shares of the utilities provider’s stock after selling 35,900 shares during the period. Macquarie Group Ltd.’s holdings in Dominion Energy were worth $39,701,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares during the period. Vanguard Group Inc. increased its stake in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the period. Wellington Management Group LLP increased its stake in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the period. Geode Capital Management LLC increased its stake in shares of Dominion Energy by 7.7% in the first quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock valued at $452,596,000 after buying an additional 420,250 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock valued at $380,127,000 after buying an additional 949,647 shares during the period. 66.12% of the stock is owned by institutional investors.
Dominion Energy Inc. (NYSE D) traded down 0.27% during mid-day trading on Wednesday, reaching $77.75. 365,808 shares of the company traded hands. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 22.50 and a beta of 0.28. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The company’s 50-day moving average is $77.52 and its 200-day moving average is $77.14.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. Dominion Energy’s revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Dominion Energy Inc. will post $3.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.
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D has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley reduced their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Deutsche Bank AG lifted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Citigroup Inc. reduced their price target on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $80.57.
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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