Marco Investment Management LLC raised its stake in Dominion Energy Inc (NYSE:D) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,300 shares of the utilities provider’s stock after acquiring an additional 750 shares during the period. Marco Investment Management LLC’s holdings in Dominion Energy were worth $3,429,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Dominion Energy by 4.4% in the 4th quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock valued at $3,650,316,000 after purchasing an additional 1,902,352 shares during the last quarter. Millennium Management LLC increased its stake in shares of Dominion Energy by 97.0% in the 4th quarter. Millennium Management LLC now owns 1,446,750 shares of the utilities provider’s stock valued at $117,274,000 after purchasing an additional 712,261 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Dominion Energy by 24.1% in the 3rd quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock valued at $271,408,000 after purchasing an additional 684,637 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Dominion Energy by 22.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,744,991 shares of the utilities provider’s stock valued at $222,509,000 after purchasing an additional 496,009 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Dominion Energy by 29.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,164,104 shares of the utilities provider’s stock valued at $166,481,000 after purchasing an additional 491,667 shares during the last quarter. 65.28% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on D shares. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Bank of America set a $87.00 price objective on Dominion Energy and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. lowered Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research report on Friday. Morgan Stanley upped their price target on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, UBS started coverage on Dominion Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average target price of $80.73.
In related news, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction that occurred 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 directly owns 13,282 shares of the company’s stock, valued at approximately $1,070,529.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph M. Rigby purchased 2,679 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $74.65 per share, for a total transaction of $199,987.35. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by corporate insiders.
Dominion Energy Inc (D) opened at $68.74 on Tuesday. The stock has a market capitalization of $46,004.16, a PE ratio of 14.08, a PEG ratio of 2.47 and a beta of 0.23. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.45 and a quick ratio of 0.30. Dominion Energy Inc has a 52 week low of $68.65 and a 52 week high of $85.30.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. sell-side analysts predict that Dominion Energy Inc will post 4.05 earnings per share 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 paid a dividend of $0.835 per share. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Thursday, March 1st. Dominion Energy’s dividend payout ratio is 68.02%.
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Dominion Energy Company 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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