Citizens Financial Group Inc. RI Grows Position in Dominion Energy, Inc. (NYSE:D)

Citizens Financial Group Inc. RI grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 28.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,684 shares of the utilities provider’s stock after acquiring an additional 1,259 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Dominion Energy were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Jump Financial LLC purchased a new position in Dominion Energy in the fourth quarter worth $266,000. Dimensional Fund Advisors LP boosted its holdings in shares of Dominion Energy by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,954,284 shares of the utilities provider’s stock worth $91,853,000 after buying an additional 361,545 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Dominion Energy by 7.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 14,752 shares of the utilities provider’s stock worth $693,000 after buying an additional 1,015 shares during the last quarter. Clearbridge Investments LLC bought a new stake in Dominion Energy in the fourth quarter worth about $217,000. Finally, Sachetta LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $102,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock opened at $57.41 on Thursday. The firm’s 50 day simple moving average is $54.99 and its 200 day simple moving average is $51.83. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94. The firm has a market capitalization of $48.16 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $54.11.

About Dominion Energy

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.