Alpha Omega Wealth Management LLC lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 39.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,249 shares of the utilities provider’s stock after purchasing an additional 7,671 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Dominion Energy were worth $2,096,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its position in Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 12 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in Dominion Energy in the 2nd quarter valued at about $103,000. Tortoise Capital Advisors L.L.C. lifted its position in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 1,076 shares in the last quarter. Pacad Investment Ltd. bought a new position in Dominion Energy in the 2nd quarter valued at about $107,000. Finally, Enterprise Financial Services Corp lifted its position in Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 80 shares in the last quarter. 64.45% of the stock is currently owned by institutional investors.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by insiders.
Several equities analysts recently weighed in on D shares. J P Morgan Chase & Co raised their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. 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, October 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America Corporation started coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.70.
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Dominion Energy Inc. (D) traded down $0.50 during trading on Friday, hitting $80.74. 499,395 shares of the company’s stock traded hands, compared to its average volume of 2,110,000. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market cap of $51,960.00, a PE ratio of 22.04, a P/E/G ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a 1 year low of $69.51 and a 1 year high of $82.13.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. sell-side analysts expect that Dominion Energy Inc. will post 3.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a $0.77 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 3.81%. Dominion Energy’s payout ratio is 89.09%.
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.
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