Zions Bancorporation boosted its stake in Dominion Energy Inc. (NYSE:D) by 5,006.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,333 shares of the utilities provider’s stock after purchasing an additional 17,974 shares during the quarter. Zions Bancorporation’s holdings in Dominion Energy were worth $1,410,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its position in shares of Dominion Energy by 0.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after buying an additional 12 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in Dominion Energy during the 2nd quarter valued at about $103,000. Johnson Financial Group Inc. grew its holdings in Dominion Energy by 146.8% during the 3rd 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 during the last quarter. Tortoise Capital Advisors L.L.C. grew 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 valued at $107,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in Dominion Energy during the 2nd quarter valued at about $107,000. Institutional investors and hedge funds own 64.68% of the company’s stock.
Dominion Energy Inc. (NYSE:D) opened at $83.88 on Friday. 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 $53,979.30, a PE ratio of 22.86, a price-to-earnings-growth ratio of 4.13 and a beta of 0.29. Dominion Energy Inc. has a one year low of $70.87 and a one year high of $84.47.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $1.14 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. sell-side analysts anticipate that Dominion Energy Inc. will post 3.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.67%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.86%.
In other news, Director John W. Harris sold 5,616 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by company insiders.
Several brokerages recently commented on D. National Bank Financial downgraded shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Citigroup upped their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 22nd. Fourteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $80.70.
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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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