Russell Investments Group Ltd. boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 42.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,476,567 shares of the utilities provider’s stock after buying an additional 437,746 shares during the period. Russell Investments Group Ltd.’s holdings in Dominion Energy were worth $113,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Palisade Capital Management LLC NJ raised its position in 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 worth $528,000 after buying an additional 130 shares in the last quarter. City Holding Co. raised its position in Dominion Energy by 4.4% in the first quarter. City Holding Co. now owns 22,744 shares of the utilities provider’s stock worth $1,764,000 after buying an additional 950 shares in the last quarter. Coastline Trust Co raised its position in Dominion Energy by 4.0% in the first quarter. Coastline Trust Co now owns 12,319 shares of the utilities provider’s stock worth $956,000 after buying an additional 475 shares in the last quarter. BB&T Corp raised its position in Dominion Energy by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock worth $9,516,000 after buying an additional 4,101 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Dominion Energy by 13.8% in the first quarter. Venturi Wealth Management LLC now owns 30,879 shares of the utilities provider’s stock worth $2,408,000 after buying an additional 3,740 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Shares of Dominion Energy Inc. (NYSE D) traded up 0.8904% during trading on Friday, reaching $78.8156. 934,886 shares of the company traded hands. The firm has a market capitalization of $50.65 billion, a PE ratio of 22.8120 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 firm has a 50-day moving average price of $77.07 and a 200-day moving average price of $77.29.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Dominion Energy Inc. will post $3.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors 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 dividend yield of 3.87%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.

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D has been the subject of several research analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $89.00 price target (up previously from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. dropped 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. Finally, Deutsche Bank AG upped their price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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