Vident Investment Advisory LLC increased its stake in Dominion Energy Inc (NYSE:D) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,161 shares of the utilities provider’s stock after purchasing an additional 1,510 shares during the quarter. Vident Investment Advisory LLC’s holdings in Dominion Energy were worth $905,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Johnson Financial Group Inc. grew its position in shares of Dominion Energy by 146.8% during the third 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. grew its position in 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 acquiring an additional 875 shares in the last quarter. MHI Funds LLC purchased a new position in Dominion Energy in the fourth quarter worth about $119,000. Chicago Partners Investment Group LLC grew its position in 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 acquiring an additional 965 shares in the last quarter. Finally, CWM LLC grew its position in 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 acquiring an additional 919 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors.
D has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note 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 note 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 note on Friday, March 16th. Morgan Stanley boosted 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 note on Wednesday, December 13th. Finally, UBS assumed coverage on shares of Dominion Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $85.00 price objective for the company. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $81.36.
Dominion Energy Inc (D) opened at $67.87 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. Dominion Energy Inc has a 1-year low of $67.32 and a 1-year high of $85.30. The stock has a market cap of $44,069.13, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. sell-side analysts anticipate that Dominion Energy Inc will post 4.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were issued a dividend of $0.835 per share. The ex-dividend date was Thursday, March 1st. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.92%. Dominion Energy’s payout ratio is 68.02%.
In other Dominion Energy news, Director John W. Harris sold 2,665 shares of the company’s 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 $1,070,529.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the completion of the transaction, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The disclosure for this sale 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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