First Trust Advisors LP Decreases Holdings in Dominion Energy Inc (D)

First Trust Advisors LP reduced its holdings in shares of Dominion Energy Inc (NYSE:D) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 573,380 shares of the utilities provider’s stock after selling 14,423 shares during the period. First Trust Advisors LP’s holdings in Dominion Energy were worth $46,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Dominion Energy by 0.7% in the second quarter. Cetera Investment Advisers now owns 5,704 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 37 shares during the period. FTB Advisors Inc. boosted its stake in shares of Dominion Energy by 0.9% in the second quarter. FTB Advisors Inc. now owns 9,064 shares of the utilities provider’s stock valued at $695,000 after purchasing an additional 79 shares during the period. Altavista Wealth Management Inc. boosted its stake in shares of Dominion Energy by 1.7% in the second quarter. Altavista Wealth Management Inc. now owns 6,089 shares of the utilities provider’s stock valued at $467,000 after purchasing an additional 104 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Dominion Energy by 1.2% in the second quarter. Moors & Cabot Inc. now owns 8,619 shares of the utilities provider’s stock valued at $656,000 after purchasing an additional 106 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Dominion Energy by 2.8% in the second quarter. Advisory Services Network LLC now owns 4,671 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 128 shares during the period. Institutional investors own 64.57% of the company’s stock.

D has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Wednesday, January 17th. Bank of America set a $87.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, January 30th. Finally, Gabelli restated a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $82.09.

In other Dominion Energy news, Director John W. Harris sold 11,254 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now directly owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Harris sold 2,665 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.

Dominion Energy Inc (NYSE:D) opened at $75.80 on Friday. Dominion Energy Inc has a 52 week low of $72.80 and a 52 week high of $85.30. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. The company has a market cap of $48,858.48, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.20.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $0.99 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. equities research analysts predict that Dominion Energy Inc will post 4.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.41%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. Dominion Energy’s dividend payout ratio is 62.73%.

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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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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