Perigon Wealth Management LLC purchased a new position in shares of Dominion Energy Inc. (NYSE:D – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,322 shares of the utilities provider’s stock, valued at approximately $2,207,000.
Other large investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Dominion Energy by 46.2% during the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after acquiring an additional 14,197,581 shares during the period. Norges Bank acquired a new stake in shares of Dominion Energy in the 4th quarter worth approximately $655,142,000. Bank of New York Mellon Corp purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $697,388,000. Capital Research Global Investors increased its stake in Dominion Energy by 9.0% in the 4th quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after purchasing an additional 4,940,692 shares in the last quarter. Finally, London Co. of Virginia raised its holdings in Dominion Energy by 45.3% during the first quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock worth $429,250,000 after purchasing an additional 2,165,195 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Trading Up 0.2%
Shares of D opened at $68.88 on Tuesday. Dominion Energy Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The company has a market capitalization of $60.58 billion, a PE ratio of 24.00 and a beta of 0.65. The stock has a fifty day moving average of $69.15 and a two-hundred day moving average of $65.45. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio is currently 93.03%.
Analyst Ratings Changes
Several analysts have weighed in on D shares. Truist Financial lowered their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Morgan Stanley cut their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Royal Bank Of Canada increased their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.00.
Get Our Latest Stock Report on Dominion Energy
Dominion Energy Profile
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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