National Bank of Canada FI Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

National Bank of Canada FI raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,082 shares of the utilities provider’s stock after buying an additional 52,463 shares during the period. National Bank of Canada FI’s holdings in Dominion Energy were worth $13,926,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in Dominion Energy by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after buying an additional 195 shares during the period. Arlington Capital Management Inc. raised its holdings in Dominion Energy by 1.2% in the 1st quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after purchasing an additional 197 shares in the last quarter. Valley National Advisers Inc. raised its holdings in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 198 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in Dominion Energy by 2.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 199 shares in the last quarter. Finally, Ridgewood Investments LLC raised its holdings in Dominion Energy by 0.9% in the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.4 %

NYSE:D opened at $57.11 on Friday. The firm has a market cap of $47.91 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.54 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.13. The firm has a 50-day simple moving average of $53.60 and a two-hundred day simple moving average of $51.22.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion for 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 business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is 137.63%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets upped their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Dominion Energy 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.