Dominion Energy Inc. (D) Position Maintained by Taurus Asset Management LLC
Taurus Asset Management LLC held its stake in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,356 shares of the utilities provider’s stock at the close of the 2nd quarter. Taurus Asset Management LLC’s holdings in Dominion Energy were worth $334,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC raised its position in Dominion Energy by 1.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 13 shares during the period. Enterprise Financial Services Corp raised its position in Dominion Energy by 62.6% in the 1st quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 530 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 1,076 shares during the period. Clean Yield Group purchased a new stake in Dominion Energy in the 1st quarter worth about $117,000. Finally, Bollard Group LLC raised its position in Dominion Energy by 0.8% in the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.
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Dominion Energy Inc. (NYSE:D) opened at 79.18 on Friday. The stock’s 50 day moving average is $78.41 and its 200-day moving average is $78.01. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The company has a market capitalization of $50.88 billion, a P/E ratio of 22.92 and a beta of 0.29.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, analysts expect that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
A number of analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a research report on Monday, August 21st. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Deutsche Bank AG increased their price objective 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. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $80.25.
Dominion Energy 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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