Strs Ohio Buys 99,595 Shares of Dominion Energy Inc (NYSE:D)

Strs Ohio raised its stake in Dominion Energy Inc (NYSE:D) by 16.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 707,810 shares of the utilities provider’s stock after acquiring an additional 99,595 shares during the quarter. Strs Ohio owned approximately 0.09% of Dominion Energy worth $54,727,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Cypress Wealth Services LLC raised its holdings in Dominion Energy by 17.3% during the 2nd quarter. Cypress Wealth Services LLC now owns 6,062 shares of the utilities provider’s stock worth $469,000 after purchasing an additional 896 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Dominion Energy by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,130,434 shares of the utilities provider’s stock worth $86,659,000 after purchasing an additional 56,839 shares during the last quarter. Comerica Bank raised its holdings in Dominion Energy by 28.8% during the 1st quarter. Comerica Bank now owns 237,292 shares of the utilities provider’s stock worth $17,994,000 after purchasing an additional 53,038 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Dominion Energy by 17.1% during the 1st quarter. CIBC Private Wealth Group LLC now owns 24,354 shares of the utilities provider’s stock worth $1,867,000 after purchasing an additional 3,550 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in Dominion Energy by 20.9% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 5,033 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 869 shares during the last quarter. 63.93% of the stock is owned by hedge funds and other institutional investors.

D traded up $0.09 during trading on Tuesday, reaching $74.76. The stock had a trading volume of 155,130 shares, compared to its average volume of 3,458,783. The firm’s 50 day simple moving average is $76.91. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $61.07 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.79 and a beta of 0.25. Dominion Energy Inc has a one year low of $67.41 and a one year high of $79.47.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. Research analysts predict that Dominion Energy Inc will post 4.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.91%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

D has been the subject of several research reports. KeyCorp assumed coverage on shares of Dominion Energy in a research report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price on the stock. in a research note on Thursday, July 4th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Finally, Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $78.91.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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

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