National Pension Service Purchases 176,911 Shares of Dominion Energy Inc. (NYSE:D)

Key Points

• National Pension Service increased its stake in Dominion Energy Inc. by 7.7%, owning approximately 2.47 million shares valued at $138.67 million after purchasing an additional 176,911 shares in the first quarter.
• Dominion Energy reported $0.75 earnings per share (EPS) for the last quarter, missing analyst expectations by $0.02, despite a revenue increase of 9.3% year-on-year.
• The company declared a quarterly dividend of $0.6675 per share, with an annualized dividend yield of 4.3%, set to be paid on September 20th.

National Pension Service raised its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,473,144 shares of the utilities provider's stock after buying an additional 176,911 shares during the period. National Pension Service owned about 0.29% of Dominion Energy worth $138,669,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sowell Financial Services LLC purchased a new stake in shares of Dominion Energy during the first quarter worth about $314,000. QRG Capital Management Inc. boosted its holdings in shares of Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after purchasing an additional 1,087 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares during the period. Bessemer Group Inc. lifted its holdings in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after buying an additional 616 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in Dominion Energy by 222.7% in the first quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after buying an additional 628 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report 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 for the company in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.14.

Dominion Energy Stock Down 0.1%

Shares of NYSE D traded down $0.07 on Friday, reaching $61.11. 6,542,755 shares of the company's stock traded hands, compared to its average volume of 4,992,185. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.26. The business's 50 day simple moving average is $57.71 and its two-hundred day simple moving average is $55.85. The company has a market cap of $52.15 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share 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 9.68%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business posted $0.65 EPS. Dominion Energy's revenue for the quarter 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 fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend 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 currently 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.