Dominion Energy, Inc. (NYSE:D) Shares Bought by General American Investors Co. Inc.

General American Investors Co. Inc. raised its holdings in Dominion Energy, Inc. (NYSE:D) by 11.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 290,000 shares of the utilities provider’s stock after purchasing an additional 30,000 shares during the period. General American Investors Co. Inc.’s holdings in Dominion Energy were worth $14,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in D. Vanguard Group Inc. raised its position in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares in the last quarter. Capital Research Global Investors lifted its stake in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Norges Bank acquired a new position in Dominion Energy in the fourth quarter worth $329,792,000. ClearBridge Investments Ltd bought a new stake in Dominion Energy during the fourth quarter valued at $214,220,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of several recent research reports. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Scotiabank boosted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Dominion Energy Stock Down 0.4 %

Shares of Dominion Energy stock opened at $57.11 on Friday. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.13. The stock’s fifty day moving average is $53.60 and its 200-day moving average is $51.18. The firm has a market capitalization of $47.91 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.