First National Bank of Omaha boosted its holdings in Dominion Energy, Inc. (NYSE:D – Get Rating) by 18.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,480 shares of the utilities provider’s stock after acquiring an additional 550 shares during the quarter. First National Bank of Omaha’s holdings in Dominion Energy were worth $296,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. M Holdings Securities Inc. bought a new position in shares of Dominion Energy during the 1st quarter worth approximately $306,000. Reynolds Investment Management Inc. bought a new position in shares of Dominion Energy during the 1st quarter worth approximately $2,058,000. Northern Oak Wealth Management Inc. lifted its position in shares of Dominion Energy by 91.2% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 14,584 shares of the utilities provider’s stock worth $1,239,000 after buying an additional 6,958 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Dominion Energy by 23.8% during the 1st quarter. Advisory Services Network LLC now owns 18,567 shares of the utilities provider’s stock worth $1,577,000 after buying an additional 3,570 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in shares of Dominion Energy by 61.4% during the 1st quarter. Verity Asset Management Inc. now owns 4,434 shares of the utilities provider’s stock worth $377,000 after buying an additional 1,686 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.
Analyst Upgrades and Downgrades
D has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $87.00 to $91.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Barclays lowered their price target on shares of Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Morgan Stanley lifted their price target on shares of Dominion Energy from $84.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Finally, Mizuho lowered their price target on shares of Dominion Energy from $87.00 to $81.00 in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $86.29.
Dominion Energy Stock Down 0.1 %
Dominion Energy (NYSE:D – Get Rating) last released its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Dominion Energy had a net margin of 15.09% and a return on equity of 12.95%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $0.76 EPS. Dominion Energy’s revenue was up 18.4% compared to the same quarter last year. On average, analysts predict that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.
Dominion Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be paid a $0.6675 dividend. The ex-dividend date is Thursday, September 1st. This represents a $2.67 dividend on an annualized basis and a yield of 3.30%. Dominion Energy’s dividend payout ratio is 100.00%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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