ProShare Advisors LLC Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Posted by Defense World Staff on Sep 18th, 2023

ProShare Advisors LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,276 shares of the utilities provider’s stock after purchasing an additional 16,251 shares during the quarter. ProShare Advisors LLC’s holdings in Dominion Energy were worth $7,004,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Tucker Asset Management LLC purchased a new position in shares of Dominion Energy in the first quarter valued at $25,000. Pacific Center for Financial Services purchased a new stake in Dominion Energy during the 1st quarter worth about $28,000. AXS Investments LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $30,000. Core Alternative Capital increased its position in Dominion Energy by 63.0% during the 1st quarter. Core Alternative Capital now owns 533 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 206 shares in the last quarter. Finally, Carderock Capital Management Inc. purchased a new stake in Dominion Energy during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 70.66% of the company’s stock.

Analyst Ratings Changes

D has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on Dominion Energy from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. Barclays initiated coverage on Dominion Energy in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $52.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $57.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, September 8th. Royal Bank of Canada decreased their price target on Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 13th. Finally, 51job reissued a “maintains” rating on shares of Dominion Energy in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.15.

Get Our Latest Stock Report on Dominion Energy

Dominion Energy Trading Down 0.1 %

Shares of D stock opened at $48.47 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.44 and a current ratio of 0.57. The firm has a market capitalization of $40.56 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46. The stock has a fifty day moving average of $49.95 and a two-hundred day moving average of $52.80. Dominion Energy, Inc. has a 1 year low of $45.76 and a 1 year high of $81.61.

Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. Dominion Energy had a return on equity of 11.94% and a net margin of 12.71%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. As a group, research analysts expect that Dominion Energy, Inc. will post 3.26 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Thursday, August 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Dominion Energy Company Profile

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.