WFG Advisors LP increased its position in shares of Dominion Energy Inc. (NYSE:D) by 13.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,529 shares of the utilities provider’s stock after acquiring an additional 2,021 shares during the period. WFG Advisors LP’s holdings in Dominion Energy were worth $1,267,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in D. Tradewinds Capital Management LLC lifted its holdings in Dominion Energy by 0.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in Dominion Energy by 336.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares during the period. Pacad Investment Ltd. acquired a new position in Dominion Energy during the 2nd quarter worth about $107,000. Enterprise Financial Services Corp lifted its holdings in Dominion Energy by 5.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after buying an additional 80 shares during the period. Finally, Monroe Bank & Trust MI lifted its holdings in Dominion Energy by 36.1% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after buying an additional 400 shares during the period. 64.45% of the stock is currently owned by hedge funds and other institutional investors.
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In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.
Shares of Dominion Energy Inc. (D) traded down $0.43 during trading on Friday, reaching $80.81. The company had a trading volume of 1,736,000 shares, compared to its average volume of 2,348,881. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. The company has a market cap of $52,280.36, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 3.94 and a beta of 0.29. Dominion Energy Inc. has a twelve month low of $69.51 and a twelve month high of $82.13.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. sell-side analysts predict that Dominion Energy Inc. will post 3.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.77 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is currently 89.09%.
A number of research analysts have recently issued reports on D shares. Gabelli reissued a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Bank of America Corporation started coverage on Dominion Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, Citigroup Inc. boosted their price objective on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.70.
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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