Royal Bank of Canada raised its position in shares of Dominion Energy Inc. (NYSE:D) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,183,654 shares of the utilities provider’s stock after buying an additional 123,570 shares during the period. Royal Bank of Canada owned about 0.34% of Dominion Energy worth $167,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Dominion Energy by 3,615.9% during the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Dominion Energy by 2.7% during the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after buying an additional 790,484 shares in the last quarter. Federated Investors Inc. PA increased its holdings in shares of Dominion Energy by 5.4% during the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after buying an additional 461,484 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Dominion Energy by 24.7% during the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after buying an additional 1,209,768 shares in the last quarter. 64.43% of the stock is owned by institutional investors.

Several analysts have recently weighed in on D shares. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Deutsche Bank AG increased their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $80.78.

Shares of Dominion Energy Inc. (NYSE:D) opened at 79.95 on Friday. 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 $51.37 billion, a PE ratio of 23.14 and a beta of 0.28. The stock’s 50 day moving average is $78.03 and its 200 day moving average is $78.15.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ 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 in the prior year, the company earned $0.71 EPS. On average, equities research analysts anticipate that Dominion Energy Inc. will post $3.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.85%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.

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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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