Czech National Bank Increases Stake in Dominion Energy, Inc. (NYSE:D)

Czech National Bank raised its position in Dominion Energy, Inc. (NYSE:D) by 7.0% during the third quarter, HoldingsChannel reports. The firm owned 170,900 shares of the utilities provider’s stock after purchasing an additional 11,171 shares during the period. Czech National Bank’s holdings in Dominion Energy were worth $9,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV raised its holdings in shares of Dominion Energy by 5.4% during the 4th quarter. KBC Group NV now owns 55,277 shares of the utilities provider’s stock worth $2,598,000 after acquiring an additional 2,833 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of Dominion Energy by 9.5% during the 4th quarter. Rafferty Asset Management LLC now owns 93,360 shares of the utilities provider’s stock worth $4,388,000 after acquiring an additional 8,082 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Dominion Energy by 49.6% during the 4th quarter. Belpointe Asset Management LLC now owns 9,278 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 3,077 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Dominion Energy by 86.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 98,243 shares of the utilities provider’s stock worth $4,617,000 after acquiring an additional 45,526 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Dominion Energy by 263.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 125,867 shares of the utilities provider’s stock worth $5,916,000 after acquiring an additional 91,261 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted 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. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Performance

D stock traded up $0.15 during trading on Friday, hitting $58.23. The company had a trading volume of 2,459,670 shares, compared to its average volume of 4,421,705. The firm has a market cap of $48.77 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 1.55 and a beta of 0.60. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94. The firm has a 50-day moving average price of $56.43 and a 200-day moving average price of $52.65. 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 (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

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.