Dominion Energy Inc (D) Position Trimmed by Global Financial Private Capital LLC

Global Financial Private Capital LLC trimmed its position in shares of Dominion Energy Inc (NYSE:D) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 406,038 shares of the utilities provider’s stock after selling 13,601 shares during the period. Dominion Energy accounts for approximately 1.1% of Global Financial Private Capital LLC’s investment portfolio, making the stock its 25th biggest position. Global Financial Private Capital LLC owned approximately 0.06% of Dominion Energy worth $32,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in Dominion Energy by 1,955.1% during the second quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock worth $128,159,000 after purchasing an additional 1,591,057 shares during the period. Epoch Investment Partners Inc. boosted its position in Dominion Energy by 24.1% during the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after purchasing an additional 684,637 shares during the period. Duff & Phelps Investment Management Co. boosted its position in Dominion Energy by 93.4% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,004,263 shares of the utilities provider’s stock worth $81,406,000 after purchasing an additional 485,000 shares during the period. Bank of Nova Scotia boosted its position in Dominion Energy by 170.0% during the second quarter. Bank of Nova Scotia now owns 431,190 shares of the utilities provider’s stock worth $33,042,000 after purchasing an additional 271,516 shares during the period. Finally, Legal & General Group Plc boosted its position in Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after purchasing an additional 253,699 shares during the period. Institutional investors and hedge funds own 64.57% of the company’s stock.

A number of equities analysts have commented on the stock. Bank of America reduced their price objective on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. UBS Group assumed coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, January 30th. Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a research report on Thursday, December 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus target price of $82.09.

In related news, Director John W. Harris sold 11,254 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $79.94, for a total value of $899,644.76. Following the completion of the transaction, the director now owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the transaction, the director now directly owns 13,282 shares of the company’s stock, valued at approximately $1,070,529.20. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Shares of Dominion Energy Inc (NYSE:D) opened at $75.07 on Wednesday. The stock has a market cap of $48,510.43, a PE ratio of 15.29, a PEG ratio of 2.63 and a beta of 0.20. Dominion Energy Inc has a 52-week low of $71.96 and a 52-week high of $85.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.

Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. Dominion Energy’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. sell-side analysts forecast that Dominion Energy Inc will post 4.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s payout ratio is presently 62.73%.

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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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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