Flagship Harbor Advisors LLC bought a new position in Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,384 shares of the utilities provider’s stock, valued at approximately $265,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position 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. boosted its position 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. Wells Fargo & Company MN boosted its position 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. Epoch Investment Partners Inc. boosted its position in shares of Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock valued at $212,676,000 after buying an additional 838,574 shares during the period. Finally, Wellington Management Group LLP boosted its position 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. Institutional investors own 66.12% of the company’s stock.

Dominion Energy Inc. (NYSE D) traded down 0.27% on Wednesday, reaching $77.75. The company’s stock had a trading volume of 365,756 shares. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The stock has a market cap of $48.84 billion, a P/E ratio of 22.50 and a beta of 0.28. The stock has a 50-day moving average of $77.52 and a 200-day moving average of $77.14.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. On average, analysts predict that Dominion Energy Inc. will post $3.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is presently 87.28%.

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D has been the topic of several recent analyst reports. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Morgan Stanley lowered their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Deutsche Bank AG lifted their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. lowered 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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