Hoylecohen LLC acquired a new stake in shares of Dominion Energy (NYSE:D) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 120,759 shares of the utilities provider’s stock, valued at approximately $9,789,000. Dominion Energy makes up about 1.9% of Hoylecohen LLC’s investment portfolio, making the stock its 10th largest position.
Other large investors have also bought and sold shares of the company. Johnson Financial Group Inc. lifted its position in shares of Dominion Energy by 146.8% in 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 in the last quarter. American Research & Management Co. lifted its position in shares of Dominion Energy by 159.7% in 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 in the last quarter. MHI Funds LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth approximately $119,000. Chicago Partners Investment Group LLC lifted its position in shares of Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 965 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Dominion Energy by 104.0% in the fourth quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 919 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.
A number of equities research analysts have weighed in on D shares. Hilliard Lyons set a $76.00 price target on shares of Dominion Energy and gave the stock a “buy” rating in a research note on Thursday, March 29th. Bank of America cut their price objective on Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. UBS assumed coverage on Dominion Energy in a report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Wednesday, January 17th. Finally, Morgan Stanley lifted their price target on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus target price of $78.21.
In other Dominion Energy news, 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 value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph M. Rigby acquired 2,679 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was 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.
NYSE D opened at $66.22 on Friday. Dominion Energy has a 52 week low of $66.10 and a 52 week high of $85.30. The company has a market capitalization of $43,873.67, a price-to-earnings ratio of 18.39, a PEG ratio of 2.46 and a beta of 0.27. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.60.
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, topping analysts’ consensus estimates of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. equities analysts expect that Dominion Energy will post 4.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 2nd were paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio is 92.78%.
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Dominion Energy Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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