Searle & CO. Grows Holdings in Dominion Energy, Inc. (NYSE:D)

Searle & CO. raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 22.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,611 shares of the utilities provider’s stock after purchasing an additional 1,574 shares during the quarter. Searle & CO.’s holdings in Dominion Energy were worth $422,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares during the period. Capital Research Global Investors grew its position in shares of 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 in the last quarter. Norges Bank bought a new stake in Dominion Energy during the 4th quarter valued at approximately $329,792,000. ClearBridge Investments Ltd bought a new stake in Dominion Energy during the 4th quarter valued at approximately $214,220,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Dominion Energy by 12.9% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.8 %

D traded up $0.44 on Friday, hitting $55.90. The company had a trading volume of 5,450,438 shares, compared to its average volume of 4,512,204. The business’s fifty day simple moving average is $52.71 and its 200 day simple moving average is $50.71. 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, Inc. has a 12-month low of $39.18 and a 12-month high of $57.60. The company has a market cap of $46.82 billion, a PE ratio of 28.81, a PEG ratio of 1.51 and a beta of 0.58.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Ratings Changes

D has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Mizuho lifted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.00.

About Dominion Energy

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.