Elkhorn Investments LLC lowered its holdings in shares of Dominion Energy Inc (NYSE:D) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,251 shares of the utilities provider’s stock after selling 971 shares during the quarter. Elkhorn Investments LLC’s holdings in Dominion Energy were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. raised its holdings in shares of Dominion Energy by 146.8% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 800 shares in the last quarter. American Research & Management Co. raised its holdings in shares of Dominion Energy by 159.7% during the 4th quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 875 shares in the last quarter. MHI Funds LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at $119,000. Chicago Partners Investment Group LLC raised its holdings in shares of Dominion Energy by 160.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 965 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Dominion Energy by 104.0% during the 4th quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 919 shares in the last quarter. Institutional investors and hedge funds own 65.33% of the company’s stock.
Shares of Dominion Energy Inc (NYSE:D) opened at $73.52 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.60. The stock has a market cap of $47,561.30, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 2.55 and a beta of 0.23. Dominion Energy Inc has a 12-month low of $71.91 and a 12-month high of $85.30.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. sell-side analysts predict that Dominion Energy Inc will post 4.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.54%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s dividend payout ratio (DPR) is currently 68.02%.
A number of research firms recently issued reports on D. Morgan Stanley raised their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a research note on Thursday, December 14th. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. UBS Group began coverage on shares of Dominion Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $82.09.
In other Dominion Energy news, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total value of $899,644.76. Following the sale, the director now directly owns 13,282 shares in the company, valued at approximately $1,061,763.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby purchased 2,679 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $74.65 per share, for a total transaction of $199,987.35. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.
About Dominion Energy
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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