State of Alaska Department of Revenue Has $9.30 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

State of Alaska Department of Revenue decreased its stake in Dominion Energy, Inc. (NYSE:DGet Rating) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,566 shares of the utilities provider’s stock after selling 12,360 shares during the period. State of Alaska Department of Revenue’s holdings in Dominion Energy were worth $9,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Norges Bank acquired a new stake in Dominion Energy during the fourth quarter worth approximately $319,198,000. Caisse DE Depot ET Placement DU Quebec grew its stake in Dominion Energy by 1,885.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,082,089 shares of the utilities provider’s stock worth $320,689,000 after purchasing an additional 3,876,471 shares during the period. State Street Corp grew its stake in Dominion Energy by 8.3% during the first quarter. State Street Corp now owns 46,230,763 shares of the utilities provider’s stock worth $3,928,228,000 after purchasing an additional 3,546,948 shares during the period. BlackRock Inc. grew its stake in Dominion Energy by 6.3% during the fourth quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock worth $4,371,081,000 after purchasing an additional 3,308,258 shares during the period. Finally, Capital Research Global Investors grew its stake in Dominion Energy by 17.2% during the fourth quarter. Capital Research Global Investors now owns 18,060,658 shares of the utilities provider’s stock worth $1,418,845,000 after purchasing an additional 2,649,044 shares during the period. Institutional investors and hedge funds own 69.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on D shares. BMO Capital Markets increased their price target on Dominion Energy from $87.00 to $91.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Barclays cut their price target on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Mizuho cut their price target on Dominion Energy from $87.00 to $81.00 in a report on Friday, July 15th. Morgan Stanley increased their price target on Dominion Energy from $84.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Finally, UBS Group cut their price target on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.29.

Dominion Energy Stock Down 0.1 %

D stock opened at $80.82 on Monday. Dominion Energy, Inc. has a twelve month low of $70.37 and a twelve month high of $88.78. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $81.74 and its 200-day moving average is $82.15. The firm has a market capitalization of $67.28 billion, a PE ratio of 30.27, a P/E/G ratio of 3.10 and a beta of 0.41.

Dominion Energy (NYSE:DGet Rating) last posted its earnings results 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 return on equity of 12.95% and a net margin of 15.09%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 4.11 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend 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 (DPR) is currently 100.00%.

About Dominion Energy

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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.

Further Reading

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

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