Dominion Energy Inc. (D) Stake Raised by Cutter & CO Brokerage Inc.
Cutter & CO Brokerage Inc. increased its holdings in Dominion Energy Inc. (NYSE:D) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,166 shares of the utilities provider’s stock after purchasing an additional 6 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Dominion Energy were worth $779,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in shares of Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 13 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in shares of Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares during the period. Enterprise Financial Services Corp grew its position in shares of Dominion Energy by 5.8% in the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 80 shares during the period. Clean Yield Group purchased a new stake in shares of Dominion Energy in the first quarter valued at $117,000. Finally, Bollard Group LLC grew its position in shares of Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 12 shares during the period. 64.44% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on D shares. Zacks Investment Research raised 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 objective on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Deutsche Bank AG lifted their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Citigroup Inc. lowered their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy presently has an average rating of “Hold” and an average price target of $80.25.
Shares of Dominion Energy Inc. (NYSE D) opened at 77.30 on Friday. The stock has a market cap of $49.67 billion, a P/E ratio of 22.37 and a beta of 0.29. The firm’s 50-day moving average price is $78.55 and its 200-day moving average price is $78.07. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. On average, equities research analysts forecast that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.
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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