UMB Bank N A MO reduced its stake in Dominion Energy Inc (NYSE:D) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,843 shares of the utilities provider’s stock after selling 1,488 shares during the period. UMB Bank N A MO’s holdings in Dominion Energy were worth $6,635,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of D. Janus Henderson Group PLC boosted its stake in shares of 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 valued at $128,159,000 after purchasing an additional 1,591,057 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after acquiring an additional 1,209,768 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock valued at $3,432,756,000 after acquiring an additional 1,194,152 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Dominion Energy by 31.7% in the second quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock valued at $322,696,000 after acquiring an additional 1,014,670 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in Dominion Energy by 24.1% in the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock valued at $271,408,000 after acquiring an additional 684,637 shares in the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.
D has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Dominion Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price target for the company. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Wednesday, January 17th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Morgan Stanley raised their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Finally, Citigroup lifted their price objective 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. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $82.09.
Shares of Dominion Energy Inc (NYSE:D) traded down $0.73 on Wednesday, reaching $74.34. 2,885,764 shares of the company traded hands, compared to its average volume of 5,310,000. Dominion Energy Inc has a 1 year low of $71.96 and a 1 year high of $85.30. The stock has a market cap of $47,840.00, a P/E ratio of 15.14, a P/E/G ratio of 2.63 and a beta of 0.20. 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 posted its quarterly 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. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. research analysts predict that Dominion Energy Inc will post 4.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.34 dividend on an annualized basis and a yield of 4.49%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio is currently 62.73%.
In other Dominion Energy news, Director John W. Harris sold 11,254 shares of the company’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 completion of the transaction, the director now owns 13,282 shares in the company, valued at approximately $1,061,763.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John W. Harris sold 2,665 shares of the company’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 transaction, the director now 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. 0.37% of the stock is owned by corporate insiders.
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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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