Institute for Wealth Management LLC. Invests $490,000 in Dominion Energy Inc. (D) Stock

Institute for Wealth Management LLC. bought a new position in shares of Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,411 shares of the utilities provider’s stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bollard Group LLC raised its stake in Dominion Energy by 0.8% during the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 12 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares in the last quarter. Wsfs Capital Management LLC raised its stake in Dominion Energy by 0.4% during the second quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 12 shares in the last quarter. Farmers National Bank raised its stake in Dominion Energy by 0.3% during the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 16 shares in the last quarter. Finally, Omnia Family Wealth LLC raised its stake in Dominion Energy by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock worth $383,000 after acquiring an additional 16 shares in the last quarter. 64.43% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Inc. (NYSE D) opened at 78.88 on Thursday. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock has a 50 day moving average price of $78.00 and a 200 day moving average price of $78.14. The firm has a market cap of $50.69 billion, a P/E ratio of 22.83 and a beta of 0.28.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, analysts anticipate that Dominion Energy Inc. will post $3.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a $0.77 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. Dominion Energy’s payout ratio is presently 87.28%.

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Several research analysts have commented on the company. Citigroup Inc. boosted their target price on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank AG upped their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a research note on Monday, August 21st. Zacks I

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bollard Group LLC raised its stake in Dominion Energy by 0.8% during the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 12 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares in the last quarter. Wsfs Capital Management LLC raised its stake in Dominion Energy by 0.4% during the second quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 12 shares in the last quarter. Farmers National Bank raised its stake in Dominion Energy by 0.3% during the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 16 shares in the last quarter. Finally, Omnia Family Wealth LLC raised its stake in Dominion Energy by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock worth $383,000 after acquiring an additional 16 shares in the last quarter. 64.43% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Inc. (NYSE D) opened at 78.88 on Thursday. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock has a 50 day moving average price of $78.00 and a 200 day moving average price of $78.14. The firm has a market cap of $50.69 billion, a P/E ratio of 22.83 and a beta of 0.28.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, analysts anticipate that Dominion Energy Inc. will post $3.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a $0.77 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.90%. Dominion Energy’s payout ratio is presently 87.28%.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/19/institute-for-wealth-management-llc-invests-490000-in-dominion-energy-inc-d-stock.html.

Several research analysts have commented on the company. Citigroup Inc. boosted their target price on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank AG upped their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a research note on Monday, August 21st. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Energy currently has an average rating of “Hold” and an average price target of $80.78.

Dominion Energy Profile

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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