Tortoise Capital Advisors L.L.C. Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Tortoise Capital Advisors L.L.C. boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 23,982.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,942 shares of the utilities provider’s stock after acquiring an additional 99,527 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Dominion Energy were worth $7,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of D. Norges Bank purchased a new stake in Dominion Energy during the fourth quarter valued at approximately $344,479,000. Massachusetts Financial Services Co. MA increased its stake in Dominion Energy by 20.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,619,491 shares of the utilities provider’s stock valued at $1,414,335,000 after purchasing an additional 3,153,315 shares in the last quarter. Boston Partners acquired a new position in Dominion Energy during the 1st quarter valued at approximately $238,616,000. Diamond Hill Capital Management Inc. increased its stake in Dominion Energy by 50.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 3,413,355 shares of the utilities provider’s stock valued at $259,278,000 after purchasing an additional 1,150,561 shares in the last quarter. Finally, London Co. of Virginia increased its stake in Dominion Energy by 35.6% during the 1st quarter. London Co. of Virginia now owns 3,979,549 shares of the utilities provider’s stock valued at $302,287,000 after purchasing an additional 1,045,573 shares in the last quarter. 65.85% of the stock is owned by institutional investors.

Shares of NYSE:D traded down $0.15 during midday trading on Thursday, hitting $74.57. The company’s stock had a trading volume of 172,441 shares, compared to its average volume of 2,676,768. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.56. The business’s 50 day moving average is $76.03. Dominion Energy, Inc. has a 12-month low of $67.85 and a 12-month high of $86.95. The stock has a market cap of $60.14 billion, a P/E ratio of 71.16, a P/E/G ratio of 2.92 and a beta of 0.35.

Dominion Energy (NYSE:D) last issued its earnings results on Tuesday, May 4th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. Dominion Energy had a net margin of 6.01% and a return on equity of 12.39%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. Dominion Energy’s quarterly revenue was down 1.7% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.86 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, June 20th. Shareholders of record on Friday, June 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, June 3rd. Dominion Energy’s dividend payout ratio is presently 71.19%.

A number of research firms have recently weighed in on D. KeyCorp increased their price objective on shares of Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday. Scotiabank upgraded shares of Dominion Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $88.00 to $92.00 in a research note on Tuesday, July 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Wednesday, April 7th. Credit Suisse Group increased their price objective on shares of Dominion Energy from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. Finally, TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $84.30.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy. 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 residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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

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