Cambridge Trust Co. Acquires 1,820 Shares of Dominion Energy Inc. (D)
Cambridge Trust Co. raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,625 shares of the utilities provider’s stock after buying an additional 1,820 shares during the period. Cambridge Trust Co.’s holdings in Dominion Energy were worth $1,368,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Palisade Capital Management LLC NJ increased its stake in shares of Dominion Energy by 1.9% in the first quarter. Palisade Capital Management LLC NJ now owns 6,805 shares of the utilities provider’s stock valued at $528,000 after buying an additional 130 shares during the period. City Holding Co. increased its stake in shares of Dominion Energy by 4.4% in the first quarter. City Holding Co. now owns 22,744 shares of the utilities provider’s stock valued at $1,764,000 after buying an additional 950 shares during the period. Bank of Montreal Can increased its stake in shares of Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock valued at $33,581,000 after buying an additional 27,629 shares during the period. Coastline Trust Co increased its stake in shares of Dominion Energy by 4.0% in the first quarter. Coastline Trust Co now owns 12,319 shares of the utilities provider’s stock valued at $956,000 after buying an additional 475 shares during the period. Finally, BB&T Corp increased its stake in shares of Dominion Energy by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock valued at $9,516,000 after buying an additional 4,101 shares during the period. Hedge funds and other institutional investors own 66.12% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) traded down 0.55% during midday trading on Friday, hitting $77.39. 1,462,487 shares of the stock were exchanged. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The stock has a market cap of $49.73 billion, a price-to-earnings ratio of 22.40 and a beta of 0.28. The firm’s 50-day moving average is $77.07 and its 200-day moving average is $77.23.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm 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 quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The firm 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.90%. Dominion Energy’s payout ratio is currently 87.28%.
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Several equities research analysts recently weighed in on the stock. 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. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Morgan Stanley cut their target price 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. Finally, Deutsche Bank AG lifted their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and a consensus 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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