Signition LP Invests $440,000 in Dominion Energy Inc (D)

Signition LP bought a new stake in Dominion Energy Inc (NYSE:D) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,431 shares of the utilities provider’s stock, valued at approximately $440,000.

Several other institutional investors have also made changes to their positions in D. Epoch Investment Partners Inc. increased its holdings in shares of Dominion Energy by 3.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,843,342 shares of the utilities provider’s stock valued at $217,885,000 after acquiring an additional 101,617 shares during the period. Bancorpsouth Inc. increased its holdings in shares of Dominion Energy by 11.8% in the 2nd quarter. Bancorpsouth Inc. now owns 3,042 shares of the utilities provider’s stock valued at $233,000 after acquiring an additional 321 shares during the period. Ontario Teachers Pension Plan Board grew its position in Dominion Energy by 0.6% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 540,929 shares of the utilities provider’s stock valued at $41,451,000 after buying an additional 3,232 shares during the last quarter. Global Financial Private Capital LLC grew its position in Dominion Energy by 16.4% in the 2nd quarter. Global Financial Private Capital LLC now owns 371,420 shares of the utilities provider’s stock valued at $28,462,000 after buying an additional 52,294 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in Dominion Energy by 0.7% in the 2nd quarter. Voya Investment Management LLC now owns 232,674 shares of the utilities provider’s stock valued at $17,829,000 after buying an additional 1,620 shares during the last quarter. 64.57% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on D. Bank of America lowered their price objective on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. UBS Group began coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price objective on the stock. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, January 30th. Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research report on Thursday, December 14th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and an average price target of $82.09.

In other Dominion Energy news, Director John W. Harris sold 11,254 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now directly owns 13,282 shares in the company, valued at approximately $1,061,763.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the sale, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.

Shares of Dominion Energy Inc (D) opened at $74.35 on Wednesday. The company has a market cap of $48,310.00, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.63 and a beta of 0.20. Dominion Energy Inc has a 1 year low of $71.96 and a 1 year high of $85.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.835 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Thursday, March 1st. 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.

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

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