Regentatlantic Capital LLC Grows Position in Dominion Energy, Inc. (NYSE:D)

Regentatlantic Capital LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 34.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,602 shares of the utilities provider’s stock after purchasing an additional 6,611 shares during the quarter. Regentatlantic Capital LLC’s holdings in Dominion Energy were worth $1,884,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Dominion Energy by 20.4% during the first 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 acquiring an additional 3,153,315 shares in the last quarter. London Co. of Virginia raised its holdings in shares of Dominion Energy by 35.6% during the first quarter. London Co. of Virginia now owns 3,979,549 shares of the utilities provider’s stock valued at $302,287,000 after acquiring an additional 1,045,573 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Dominion Energy by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 7,557,493 shares of the utilities provider’s stock valued at $556,006,000 after acquiring an additional 1,033,365 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Dominion Energy during the first quarter valued at approximately $74,221,000. Finally, Van ECK Associates Corp raised its holdings in shares of Dominion Energy by 109.5% during the first quarter. Van ECK Associates Corp now owns 1,864,387 shares of the utilities provider’s stock valued at $141,619,000 after acquiring an additional 974,586 shares in the last quarter. 66.10% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:D opened at $74.58 on Friday. The stock has a market capitalization of $60.30 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.98 and a beta of 0.35. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.46 and a current ratio of 0.59. The stock’s 50-day simple moving average is $76.69 and its two-hundred day simple moving average is $76.49. Dominion Energy, Inc. has a 52-week low of $67.85 and a 52-week high of $86.95.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 5th. The utilities provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Dominion Energy had a return on equity of 12.47% and a net margin of 16.61%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the business earned $0.73 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 20th. Stockholders of record on Friday, September 3rd were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Thursday, September 2nd. Dominion Energy’s dividend payout ratio (DPR) is currently 71.19%.

A number of equities analysts recently commented on the company. Scotiabank upgraded Dominion Energy from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $88.00 to $92.00 in a report on Tuesday, July 6th. They noted that the move was a valuation call. TheStreet downgraded Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, August 6th. KeyCorp increased their price objective on Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, July 20th. Morgan Stanley decreased their price objective on Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, September 17th. Finally, Mizuho cut their target price on Dominion Energy from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $83.91.

About Dominion Energy

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.

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

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