Victory Capital Management Inc. lifted its stake in Dominion Energy Inc (NYSE:D) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,842 shares of the utilities provider’s stock after acquiring an additional 726 shares during the period. Victory Capital Management Inc.’s holdings in Dominion Energy were worth $17,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Argent Trust Co raised its holdings in shares of Dominion Energy by 27.1% during the 4th quarter. Argent Trust Co now owns 10,782 shares of the utilities provider’s stock valued at $874,000 after purchasing an additional 2,297 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of Dominion Energy during the 1st quarter valued at $211,000. Global X Management Co. LLC raised its holdings in shares of Dominion Energy by 17.9% during the 1st quarter. Global X Management Co. LLC now owns 6,090 shares of the utilities provider’s stock valued at $411,000 after purchasing an additional 925 shares in the last quarter. HL Financial Services LLC raised its holdings in shares of Dominion Energy by 61.0% during the 1st quarter. HL Financial Services LLC now owns 47,375 shares of the utilities provider’s stock valued at $3,195,000 after purchasing an additional 17,953 shares in the last quarter. Finally, Outfitter Advisors LTD. raised its holdings in shares of Dominion Energy by 4.6% during the 1st quarter. Outfitter Advisors LTD. now owns 91,220 shares of the utilities provider’s stock valued at $6,151,000 after purchasing an additional 3,980 shares in the last quarter. 67.48% of the stock is owned by hedge funds and other institutional investors.

NYSE:D opened at $71.75 on Friday. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $85.30. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $46.21 billion, a P/E ratio of 19.93, a PEG ratio of 2.84 and a beta of 0.28.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. Dominion Energy’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. research analysts forecast that Dominion Energy Inc will post 4.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, September 7th will be given a $0.835 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $3.34 annualized dividend and a yield of 4.66%. Dominion Energy’s dividend payout ratio is 92.78%.

D has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Dominion Energy from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, June 7th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, July 2nd. Howard Weil initiated coverage on shares of Dominion Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Bank of America lowered their target price on shares of Dominion Energy from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Dominion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $83.50.

About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

Read More: Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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