Dominion Energy, Inc. (NYSE:D) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,473 shares of the utilities provider’s stock after buying an additional 13,357 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Dominion Energy were worth $4,531,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of D. Family Firm Inc. purchased a new position in shares of Dominion Energy during the 2nd quarter worth $27,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy during the 1st quarter worth $30,000. LRI Investments LLC purchased a new position in shares of Dominion Energy during the 1st quarter worth $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 1.6 %

NYSE:D opened at $57.41 on Thursday. The business’s 50-day moving average is $54.99 and its two-hundred day moving average is $51.83. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month 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 released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company posted $0.53 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analysts Set New Price Targets

Several research analysts recently weighed in on D shares. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. increased 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. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.