Financial Advocates Investment Management bought a new stake in Dominion Energy Inc (NYSE:D) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,152 shares of the utilities provider’s stock, valued at approximately $742,000.
Several other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. raised its position in Dominion Energy by 146.8% in 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 during the last quarter. American Research & Management Co. raised its position in Dominion Energy by 159.7% in 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 during the last quarter. MHI Funds LLC purchased a new stake in Dominion Energy in the 4th quarter valued at $119,000. Chicago Partners Investment Group LLC raised its position in Dominion Energy by 160.8% in 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 during the last quarter. Finally, CWM LLC raised its position in Dominion Energy by 104.0% in 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 during the last quarter. Institutional investors and hedge funds own 65.33% of the company’s stock.
Dominion Energy Inc (NYSE D) opened at $70.61 on Friday. 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 $46,004.18, a PE ratio of 14.38, a PEG ratio of 2.47 and a beta of 0.23. Dominion Energy Inc has a twelve month low of $69.94 and a twelve month high of $85.30.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. analysts forecast 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. Stockholders of record on Friday, March 2nd will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio (DPR) is currently 68.02%.
Several research firms recently commented on D. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Bank of America set a $87.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. downgraded shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research report on Friday. Morgan Stanley upped their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, UBS assumed coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $81.36.
In other news, Director John W. Harris sold 2,665 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the transaction, the director now owns 13,282 shares in the company, valued at approximately $1,070,529.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby purchased 2,679 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.
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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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