King Luther Capital Management Corp trimmed its holdings in shares of Dominion Energy Inc (NYSE:D) by 22.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,046 shares of the utilities provider’s stock after selling 1,196 shares during the period. King Luther Capital Management Corp’s holdings in Dominion Energy were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. We Are One Seven LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $111,000. American Research & Management Co. grew its position in Dominion Energy by 159.7% during the 4th 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 during the last quarter. MHI Funds LLC bought a new position in Dominion Energy in the 4th quarter valued at $119,000. KHP Capital LLC bought a new position in Dominion Energy in the 1st quarter valued at $137,000. Finally, Macroview Investment Management LLC bought a new position in Dominion Energy in the 1st quarter valued at $144,000. 67.39% of the stock is currently owned by hedge funds and other institutional investors.
In other Dominion Energy news, insider Thomas F. Farrell II bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were bought at an average price of $63.44 per share, for a total transaction of $253,760.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.
NYSE:D traded up $1.21 on Thursday, hitting $65.52. The stock had a trading volume of 5,608,106 shares, compared to its average volume of 4,741,696. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $85.30. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.55 and a beta of 0.28. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.31 and a current ratio of 0.46.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, April 27th. The utilities provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the firm earned $0.97 EPS. Dominion Energy’s revenue for the quarter was up 2.4% on a year-over-year basis. sell-side analysts forecast that Dominion Energy Inc will post 4.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Friday, June 1st will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is currently 92.78%.
Several analysts recently commented on D shares. JPMorgan Chase & Co. dropped their price objective on Dominion Energy from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, June 7th. ValuEngine downgraded Dominion Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Wells Fargo & Co reduced their price target on Dominion Energy to $68.00 and set a “market perform” rating for the company in a report on Friday, April 13th. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Bank of America dropped their price target on shares of Dominion Energy from $70.00 to $67.33 and set a “neutral” rating for the company in a research report on Wednesday, April 4th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. Dominion Energy has an average rating of “Hold” and a consensus target price of $75.21.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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