Amundi Pioneer Asset Management Inc. bought a new position in shares of Dominion Energy (NYSE:D) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 175,349 shares of the utilities provider’s stock, valued at approximately $14,214,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AXA grew its holdings in shares of Dominion Energy by 3.2% during the fourth quarter. AXA now owns 457,792 shares of the utilities provider’s stock valued at $37,109,000 after buying an additional 14,159 shares during the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Dominion Energy by 122.1% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,600 shares of the utilities provider’s stock valued at $1,508,000 after buying an additional 10,225 shares during the last quarter. Sun Life Financial INC lifted its position in shares of Dominion Energy by 93.5% during the fourth quarter. Sun Life Financial INC now owns 19,025 shares of the utilities provider’s stock valued at $1,542,000 after purchasing an additional 9,194 shares in the last quarter. Delpha Capital Management LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at about $258,000. Finally, Corient Capital Partners LLC lifted its position in shares of Dominion Energy by 4.5% during the fourth quarter. Corient Capital Partners LLC now owns 68,926 shares of the utilities provider’s stock valued at $5,587,000 after purchasing an additional 2,937 shares in the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.
D has been the topic of a number of recent analyst reports. Bank of America lowered shares of Dominion Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from $69.15 to $79.00 in a research report on Tuesday, March 20th. Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, January 30th. UBS lowered shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Friday, March 16th. JPMorgan Chase raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target on the stock in a research report on Thursday, December 14th. Finally, Morgan Stanley lifted their price objective 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. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $78.21.
In other Dominion Energy news, Director Joseph M. Rigby purchased 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $74.65 per share, with a total value of $199,987.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,282 shares in the company, valued at approximately $1,070,529.20. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
D stock traded down $1.12 during mid-day trading on Friday, hitting $66.22. The company had a trading volume of 5,215,835 shares, compared to its average volume of 5,961,628. The firm has a market cap of $43,873.67, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.46 and a beta of 0.27. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.30 and a current ratio of 0.45. Dominion Energy has a 12 month low of $66.10 and a 12 month high of $85.30.
Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 business 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 12.67%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. analysts forecast that Dominion Energy will post 4.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were given a $0.835 dividend. The ex-dividend date was Thursday, March 1st. This represents a $3.34 annualized dividend and a dividend yield of 5.04%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s payout ratio is 92.78%.
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About Dominion Energy
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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