Dominion Energy, Inc. (NYSE:D) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in Dominion Energy, Inc. (NYSE:D) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,103 shares of the utilities provider’s stock after buying an additional 19,260 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Dominion Energy were worth $6,745,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in D. Family Firm Inc. acquired a new position in shares of Dominion Energy during the second quarter worth approximately $27,000. Rise Advisors LLC acquired a new position in Dominion Energy during the 1st quarter worth $30,000. LRI Investments LLC bought a new position in shares of Dominion Energy in the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Dominion Energy during the second quarter valued at about $35,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

NYSE D opened at $58.53 on Tuesday. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The business’s fifty day moving average is $54.66 and its two-hundred day moving average is $51.70. The stock has a market capitalization of $49.10 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

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, 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 company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on D. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $54.11.

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.