Norinchukin Bank The raised its holdings in Dominion Energy, Inc. (NYSE:D) by 0.4% during the first quarter, HoldingsChannel.com reports. The fund owned 67,011 shares of the utilities provider’s stock after purchasing an additional 242 shares during the period. Norinchukin Bank The’s holdings in Dominion Energy were worth $5,090,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in Dominion Energy in the first quarter valued at about $15,951,000. Sterling Financial Planning Inc. acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $29,000. Sittner & Nelson LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $30,000. Certified Advisory Corp acquired a new stake in shares of Dominion Energy during the first quarter valued at about $31,000. Finally, Reby Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 66.04% of the company’s stock.
D has been the topic of a number of recent research reports. KeyCorp lifted their price target on Dominion Energy from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, April 21st. Credit Suisse Group lifted their price objective on Dominion Energy from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Wednesday, April 7th. Finally, TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Dominion Energy currently has an average rating of “Buy” and an average price target of $83.08.
Dominion Energy (NYSE:D) last issued its earnings results on Tuesday, May 4th. The utilities provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.68 billion. Dominion Energy had a return on equity of 12.39% and a net margin of 6.01%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. On average, research analysts predict that Dominion Energy, Inc. will post 3.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 20th. Stockholders of record on Friday, June 4th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, June 3rd. This represents a $2.52 annualized dividend and a dividend yield of 3.25%. Dominion Energy’s dividend payout ratio is 71.19%.
Dominion Energy Profile
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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