Dominion Energy Inc. (D) Shares Bought by South Texas Money Management Ltd.

South Texas Money Management Ltd. increased its stake in Dominion Energy Inc. (NYSE:D) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,658 shares of the utilities provider’s stock after acquiring an additional 129 shares during the period. South Texas Money Management Ltd.’s holdings in Dominion Energy were worth $663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. D.A. Davidson & CO. lifted its position in Dominion Energy by 24.5% during the second quarter. D.A. Davidson & CO. now owns 14,537 shares of the utilities provider’s stock valued at $1,113,000 after buying an additional 2,861 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Dominion Energy during the second quarter valued at approximately $430,000. Trustmark National Bank Trust Department lifted its position in Dominion Energy by 9.9% during the second quarter. Trustmark National Bank Trust Department now owns 8,354 shares of the utilities provider’s stock valued at $641,000 after buying an additional 751 shares in the last quarter. Abbot Financial Management Inc. acquired a new position in Dominion Energy during the second quarter valued at approximately $780,000. Finally, New York State Common Retirement Fund lifted its position in Dominion Energy by 2.2% during the second quarter. New York State Common Retirement Fund now owns 1,622,300 shares of the utilities provider’s stock valued at $124,317,000 after buying an additional 35,399 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.

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Dominion Energy Inc. (NYSE D) opened at 78.63 on Friday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The firm has a market capitalization of $50.53 billion, a PE ratio of 22.76 and a beta of 0.28. The stock’s 50 day moving average is $78.12 and its 200-day moving average is $78.10.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.92%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is presently 87.28%.

D has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Deutsche Bank AG lifted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $80.56.

About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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