Orleans Capital Management Corp LA acquired a new stake in Dominion Energy Inc. (NYSE:D) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,325 shares of the utilities provider’s stock, valued at approximately $256,000.
Other large investors have also recently modified their holdings of the company. Nuveen Asset Management LLC increased its stake in Dominion Energy by 35.4% during the 1st quarter. Nuveen Asset Management LLC now owns 607,635 shares of the utilities provider’s stock valued at $47,134,000 after buying an additional 158,903 shares during the period. Park National Corp OH increased its stake in Dominion Energy by 17.9% during the 2nd quarter. Park National Corp OH now owns 31,764 shares of the utilities provider’s stock valued at $2,434,000 after buying an additional 4,829 shares during the period. Bath Savings Trust Co increased its stake in Dominion Energy by 9.7% during the 2nd quarter. Bath Savings Trust Co now owns 10,294 shares of the utilities provider’s stock valued at $789,000 after buying an additional 914 shares during the period. Triangle Securities Wealth Management increased its stake in Dominion Energy by 8.1% during the 2nd quarter. Triangle Securities Wealth Management now owns 18,846 shares of the utilities provider’s stock valued at $1,444,000 after buying an additional 1,405 shares during the period. Finally, Catawba Capital Management VA increased its stake in Dominion Energy by 16.0% during the 2nd quarter. Catawba Capital Management VA now owns 28,149 shares of the utilities provider’s stock valued at $2,157,000 after buying an additional 3,885 shares during the period. Hedge funds and other institutional investors own 64.67% of the company’s stock.
Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Wednesday. J P Morgan Chase & Co raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating in a research note on Thursday. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Gabelli reissued a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $81.50.
Dominion Energy Inc. (D) opened at $84.11 on Thursday. The stock has a market cap of $53,673.60, a P/E ratio of 22.73, a PEG ratio of 4.10 and a beta of 0.29. 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 Inc. has a 52 week low of $70.87 and a 52 week high of $84.83.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. research analysts expect 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 $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.66%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 90.86%.
In other news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now 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.
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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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