Municipal Employees Retirement System of Michigan cut its holdings in shares of Dominion Energy Inc (NYSE:D) by 38.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,600 shares of the utilities provider’s stock after selling 10,500 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Dominion Energy were worth $1,346,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of D. Johnson Financial Group Inc. increased its holdings in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 800 shares during the last quarter. American Research & Management Co. increased its holdings in shares of Dominion Energy by 159.7% in the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 875 shares during the last quarter. MHI Funds LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth about $119,000. Chicago Partners Investment Group LLC increased its holdings in shares of Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 965 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Dominion Energy by 104.0% in the fourth quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 919 shares during the last quarter. 65.28% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy stock opened at $70.61 on Monday. Dominion Energy Inc has a 12-month low of $69.94 and a 12-month high of $85.30. The stock has a market capitalization of $46,004.16, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.30 and a current ratio of 0.45.
Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities research analysts forecast that Dominion Energy Inc will post 4.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s payout ratio is 68.02%.
Several equities research analysts have weighed in on D shares. Hilliard Lyons raised Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, January 30th. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. UBS cut Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research note on Friday. JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research note on Thursday, December 14th. Finally, Morgan Stanley boosted their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.36.
In other Dominion Energy news, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph M. Rigby bought 2,679 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were acquired 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. 0.37% of the stock is owned by insiders.
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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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