Millennium Management LLC Has $149.95 Million Holdings in Dominion Energy Inc (D)
Millennium Management LLC grew its position in shares of Dominion Energy Inc (NYSE:D) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,199,277 shares of the utilities provider’s stock after purchasing an additional 92,243 shares during the period. Millennium Management LLC’s holdings in Dominion Energy were worth $149,947,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Kaizen Advisory LLC boosted its position in shares of Dominion Energy by 136.6% in the second quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 851 shares during the last quarter. Lee Financial Co boosted its position in shares of Dominion Energy by 1,549.0% in the first quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 1,518 shares during the last quarter. Private Capital Group LLC boosted its position in shares of Dominion Energy by 1,708.3% in the first quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 2,050 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Dominion Energy in the first quarter worth approximately $152,000. Finally, Bridgeworth LLC acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $166,000. 67.30% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on D. Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, July 23rd. Guggenheim reissued a “buy” rating and issued a $77.00 target price on shares of Dominion Energy in a research report on Monday, July 23rd. Howard Weil began coverage on shares of Dominion Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Finally, ValuEngine raised shares of Dominion Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $84.70.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. Dominion Energy’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. equities research analysts anticipate that Dominion Energy Inc will post 4.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, September 7th will be given a dividend of $0.835 per share. The ex-dividend date is Thursday, September 6th. This represents a $3.34 dividend on an annualized basis and a yield of 4.65%. Dominion Energy’s dividend payout ratio (DPR) is 92.78%.
In other Dominion Energy news, Director John W. Harris purchased 10,000 shares of Dominion Energy stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of $71.15 per share, with a total value of $711,500.00. Following the completion of the transaction, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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