Envestnet Asset Management Inc. lessened its stake in Dominion Energy Inc. (NYSE:D) by 34.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 73,455 shares of the utilities provider’s stock after selling 38,779 shares during the period. Envestnet Asset Management Inc.’s holdings in Dominion Energy were worth $5,646,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Janus Capital Management LLC boosted its position in Dominion Energy by 252.4% in the 1st quarter. Janus Capital Management LLC now owns 820,785 shares of the utilities provider’s stock valued at $63,668,000 after buying an additional 587,880 shares during the period. Salem Investment Counselors Inc. boosted its position in Dominion Energy by 123.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 9,233 shares of the utilities provider’s stock valued at $714,000 after buying an additional 5,092 shares during the period. Green Square Capital LLC purchased a new position in Dominion Energy in the 1st quarter valued at approximately $557,000. Meridian Wealth Management LLC purchased a new position in Dominion Energy in the 1st quarter valued at approximately $744,000. Finally, Farmers National Bank lifted its position in shares of Dominion Energy by 0.3% during the 1st quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock worth $347,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 64.68% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE:D) opened at $83.88 on Friday. Dominion Energy Inc. has a one year low of $70.87 and a one year high of $84.47. 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 $53,850.57, a price-to-earnings ratio of 22.80, a P/E/G ratio of 4.12 and a beta of 0.29.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business earned $1.14 EPS. Dominion Energy’s revenue for the quarter was up 1.5% compared to the same quarter last year. analysts predict 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. Investors of record on Friday, December 1st will be paid a dividend of $0.77 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 90.86%.
Several research firms have recently issued reports on D. National Bank Financial cut shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, August 21st. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Fourteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.70.
In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the sale, the director now directly owns 18,920 shares in the company, valued at approximately $1,527,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.
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Dominion Energy Company 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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