Synovus Financial Corp lifted its position in shares of Dominion Energy Inc (NYSE:D) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 86,554 shares of the utilities provider’s stock after buying an additional 3,372 shares during the quarter. Synovus Financial Corp’s holdings in Dominion Energy were worth $6,999,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. MPS Loria Financial Planners LLC acquired a new position in Dominion Energy during the second quarter worth approximately $103,000. Johnson Financial Group Inc. increased its position in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 800 shares during the last quarter. American Research & Management Co. increased its position in Dominion Energy by 159.7% during the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 875 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Dominion Energy by 183.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MHI Funds LLC acquired a new position in Dominion Energy during the fourth quarter worth approximately $119,000. 65.34% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on D. Morgan Stanley upped their price target on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target for the company in a research report on Thursday, December 14th. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Finally, UBS Group initiated coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price target for the company. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $82.09.
In related news, Director John W. Harris sold 11,254 shares of the firm’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 sale, the director now directly owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the sale, the director now directly owns 13,282 shares of the company’s stock, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.
Shares of Dominion Energy Inc (D) opened at $75.56 on Tuesday. Dominion Energy Inc has a 52-week low of $72.80 and a 52-week high of $85.30. The stock has a market cap of $48,780.00, a price-to-earnings ratio of 22.43, a PEG ratio of 2.65 and a beta of 0.20. 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 (NYSE:D) last released its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 earnings per share (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 analyst estimates of $3.47 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. research analysts forecast that Dominion Energy Inc will post 4.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.42%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s dividend payout ratio (DPR) is presently 91.12%.
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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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