Dominion Energy, Inc. (NYSE:D) Shares Purchased by Capital Investment Counsel Inc

Capital Investment Counsel Inc grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 8.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 24,464 shares of the utilities provider’s stock after acquiring an additional 1,967 shares during the period. Capital Investment Counsel Inc’s holdings in Dominion Energy were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares in the last quarter. Capital Research Global Investors boosted its holdings in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after buying an additional 10,370,768 shares during the last quarter. Norges Bank bought a new stake in shares of Dominion Energy in the fourth quarter worth about $329,792,000. ClearBridge Investments Ltd acquired a new stake in shares of Dominion Energy during the fourth quarter worth $214,220,000. Finally, Price T Rowe Associates Inc. MD grew its holdings 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 buying an additional 2,801,687 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on D shares. BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Evercore ISI boosted their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, Mizuho increased their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.64.

Dominion Energy Trading Up 0.0 %

Shares of D traded up $0.01 during mid-day trading on Tuesday, hitting $56.30. The company had a trading volume of 2,815,410 shares, compared to its average volume of 4,585,945. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.60. The business’s 50-day simple moving average is $51.83 and its 200-day simple moving average is $50.22. The stock has a market cap of $47.23 billion, a PE ratio of 29.02, a P/E/G ratio of 1.50 and a beta of 0.58. 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 quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a $0.6675 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.74%. Dominion Energy’s dividend payout ratio 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.