Regal Investment Advisors LLC lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 10.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 24,712 shares of the utilities provider’s stock after selling 2,980 shares during the quarter. Regal Investment Advisors LLC’s holdings in Dominion Energy were worth $1,901,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Dominion Energy by 3,615.9% in the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after purchasing an additional 44,293,566 shares during the period. Janus Henderson Group PLC raised its holdings in Dominion Energy by 1,955.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock worth $128,159,000 after purchasing an additional 1,591,057 shares during the period. Vanguard Group Inc. raised its holdings in Dominion Energy by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after purchasing an additional 1,435,767 shares during the period. Wells Fargo & Company MN raised its holdings in Dominion Energy by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after purchasing an additional 1,209,768 shares during the period. Finally, Commonwealth Bank of Australia raised its holdings in Dominion Energy by 31.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock worth $322,696,000 after purchasing an additional 1,014,670 shares during the period. 64.27% of the stock is owned by institutional investors and hedge funds.
D has been the subject of a number of analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Deutsche Bank AG upped their price target on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $80.70.
In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction that occurred on 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 directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.
Dominion Energy Inc. (D) traded down $0.64 during mid-day trading on Friday, hitting $81.32. The stock had a trading volume of 1,703,379 shares, compared to its average volume of 2,086,545. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $52,331.86, a price-to-earnings ratio of 22.16, a PEG ratio of 4.05 and a beta of 0.29. Dominion Energy Inc. has a 1-year low of $70.54 and a 1-year high of $83.64.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. equities research analysts forecast that Dominion Energy Inc. will post 3.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.79%. Dominion Energy’s dividend 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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