Dynamic Technology Lab Private Ltd acquired a new stake in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,881 shares of the utilities provider’s stock, valued at approximately $528,000.
A number of other large investors have also recently modified their holdings of the business. Waldron LP bought a new stake in shares of Dominion Energy during the first quarter worth $236,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Dominion Energy by 11.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,358 shares of the utilities provider’s stock worth $3,751,000 after acquiring an additional 4,816 shares in the last quarter. Davidson & Garrard Inc. grew its position in Dominion Energy by 8.4% in the first quarter. Davidson & Garrard Inc. now owns 17,362 shares of the utilities provider’s stock valued at $1,347,000 after purchasing an additional 1,350 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in Dominion Energy in the first quarter valued at $788,000. Finally, Ingalls & Snyder LLC grew its position in Dominion Energy by 147.9% in the first quarter. Ingalls & Snyder LLC now owns 60,231 shares of the utilities provider’s stock valued at $4,672,000 after purchasing an additional 35,938 shares in the last quarter. 64.45% of the stock is owned by hedge funds and other institutional investors.
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A number of research analysts recently weighed in on the stock. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Bank of America Corporation started coverage on shares of Dominion Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Citigroup Inc. raised their target price on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $80.70.
In related news, Director John W. Harris sold 5,616 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is currently owned by corporate insiders.
Shares of Dominion Energy Inc. (D) traded down $0.43 during midday trading on Friday, hitting $80.81. 1,736,000 shares of the stock were exchanged, compared to its average volume of 2,348,881. The firm has a market cap of $52,280.36, a P/E ratio of 22.14, a P/E/G ratio of 3.94 and a beta of 0.29. Dominion Energy Inc. has a 1 year low of $69.51 and a 1 year high of $82.13. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts expect that Dominion Energy Inc. will post 3.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 3.81%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is presently 89.09%.
Dominion Energy 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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