Banque Cantonale Vaudoise Buys New Position in Dominion Energy Inc. (NYSE:D)

Key Points

• Banque Cantonale Vaudoise has acquired a new position in Dominion Energy, purchasing 30,179 shares valued at approximately $1.69 million during the first quarter of the year.
• Dominion Energy reported earnings of $0.93 per share, exceeding analyst expectations, with a revenue of $4.08 billion for the last quarter, reflecting a 12.2% year-over-year increase.
• The company has a dividend yield of 4.58%, with a recent quarterly dividend of $0.6675, while its payout ratio stands at 100%.

Banque Cantonale Vaudoise acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,179 shares of the utilities provider's stock, valued at approximately $1,692,000.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $28,000. Park Square Financial Group LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Finally, Navigoe LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

D has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley lowered their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $58.88.

Dominion Energy Stock Up 1.2%

Shares of Dominion Energy stock traded up $0.74 on Monday, reaching $61.15. The stock had a trading volume of 2,574,710 shares, compared to its average volume of 5,332,688. The stock has a market capitalization of $52.14 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.31 and a beta of 0.57. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The company has a 50 day moving average price of $56.69 and a 200 day moving average price of $55.39.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.81%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the company earned $0.65 earnings per share. Dominion Energy's quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

Dominion Energy Company 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.