CX Institutional Acquires 257 Shares of Dominion Energy, Inc. (NYSE:D)

CX Institutional increased its holdings in Dominion Energy, Inc. (NYSE:D) by 6.0% in the second quarter, Holdings Channel reports. The institutional investor owned 4,550 shares of the utilities provider’s stock after buying an additional 257 shares during the period. CX Institutional’s holdings in Dominion Energy were worth $223,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 acquiring an additional 2,801,687 shares during the last quarter. Capital Research Global Investors boosted its holdings in Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after acquiring an additional 3,613,614 shares during the last quarter. Wellington Management Group LLP raised its holdings in Dominion Energy by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after purchasing an additional 2,153,488 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Dominion Energy by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after buying an additional 75,600 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Mizuho raised their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Evercore ISI boosted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, Wells Fargo & Company increased their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.18.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.31 during mid-day trading on Friday, hitting $54.50. 1,232,889 shares of the stock were exchanged, compared to its average volume of 4,635,245. The company has a market capitalization of $45.72 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company has a 50-day simple moving average of $51.36 and a 200 day simple moving average of $49.59. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.60.

Dominion Energy (NYSE:D) last announced 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Dominion Energy Company 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.