Banque Cantonale Vaudoise Takes $1.69 Million Position in Dominion Energy Inc. (NYSE:D)

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

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A number of other large investors also recently modified their holdings of D. GSA Capital Partners LLP bought a new stake in Dominion Energy during the 1st quarter worth approximately $1,752,000. Federated Hermes Inc. boosted its position in shares of Dominion Energy by 262.5% during the first quarter. Federated Hermes Inc. now owns 6,199 shares of the utilities provider's stock valued at $348,000 after buying an additional 4,489 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Dominion Energy during the first quarter worth $34,000. TCTC Holdings LLC raised its position in Dominion Energy by 1.8% in the 1st quarter. TCTC Holdings LLC now owns 14,028 shares of the utilities provider's stock valued at $787,000 after buying an additional 247 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Dominion Energy by 154.0% during the 1st quarter. Meeder Asset Management Inc. now owns 94,773 shares of the utilities provider's stock valued at $5,314,000 after acquiring an additional 57,458 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.6%

Shares of NYSE:D opened at $58.33 on Thursday. The firm has a market capitalization of $49.74 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $61.97. The firm has a fifty day moving average of $56.56 and a 200 day moving average of $55.29.

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Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. Dominion Energy's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

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A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Morgan Stanley decreased their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $58.88.

Get Our Latest Research Report on Dominion Energy

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.

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