Dominion Energy, Inc. (NYSE:D) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,140 shares of the utilities provider’s stock after buying an additional 881 shares during the period. Coldstream Capital Management Inc.’s holdings in Dominion Energy were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in D. Vanguard Group Inc. lifted its position in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the period. Capital Research Global Investors lifted its position in Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after purchasing an additional 3,613,614 shares during the period. Wellington Management Group LLP lifted its position in Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after purchasing an additional 2,153,488 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Dominion Energy by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after purchasing an additional 940,402 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE:D opened at $57.23 on Thursday. The company’s fifty day moving average is $54.13 and its two-hundred day moving average is $51.45. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.13. The company has a market cap of $48.01 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its earnings results 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. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities analysts expect 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 paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.67%. The ex-dividend date is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of research analyst reports. Scotiabank upped 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. JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.00.

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.