Blue Edge Capital LLC Has $1.25 Million Position in Dominion Energy Inc. (D)
Blue Edge Capital LLC increased its stake in shares of Dominion Energy Inc. (NYSE:D) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,278 shares of the utilities provider’s stock after buying an additional 1,756 shares during the quarter. Blue Edge Capital LLC’s holdings in Dominion Energy were worth $1,247,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Tradewinds Capital Management LLC boosted its holdings in shares of Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 12 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at $107,000. Enterprise Financial Services Corp boosted its holdings in shares of Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 80 shares in the last quarter. Finally, Monroe Bank & Trust MI boosted its holdings in shares of Dominion Energy by 36.1% in the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 400 shares in the last quarter. 64.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (NYSE D) opened at 80.00 on Monday. The company’s 50 day moving average price is $78.07 and its 200 day moving average price is $78.17. The firm has a market cap of $51.41 billion, a P/E ratio of 23.15 and a beta of 0.28. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that Dominion Energy Inc. will post $3.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.85%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is presently 87.28%.
D has been the topic of a number of research analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, July 11th. Citigroup Inc. reduced their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. J P Morgan Chase & Co raised their target price on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.78.
Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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