BB&T Securities LLC boosted its position in shares of Dominion Energy (NYSE:D) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,490 shares of the utilities provider’s stock after purchasing an additional 27,687 shares during the period. BB&T Securities LLC owned 0.05% of Dominion Energy worth $27,195,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in D. MainStreet Investment Advisors LLC bought a new position in shares of Dominion Energy in the fourth quarter worth about $4,613,000. Argent Trust Co increased its stake in shares of Dominion Energy by 27.1% in the fourth quarter. Argent Trust Co now owns 10,782 shares of the utilities provider’s stock worth $874,000 after purchasing an additional 2,297 shares during the period. Vident Investment Advisory LLC increased its stake in shares of Dominion Energy by 15.6% in the fourth quarter. Vident Investment Advisory LLC now owns 11,161 shares of the utilities provider’s stock worth $905,000 after purchasing an additional 1,510 shares during the period. Financial Advocates Investment Management bought a new position in shares of Dominion Energy in the fourth quarter worth about $742,000. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of Dominion Energy in the fourth quarter worth about $240,000. 65.29% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on D. Hilliard Lyons set a $76.00 target price on Dominion Energy and gave the stock a “buy” rating in a research report on Thursday, March 29th. Zacks Investment Research downgraded 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 company a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a report on Friday, March 16th. Finally, UBS decreased their price objective on Dominion Energy from $77.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, March 28th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and an average price target of $78.21.
In related news, 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 value of $214,799.00. Following the completion of the transaction, the director now owns 13,282 shares in the company, valued at approximately $1,070,529.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby acquired 2,679 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. Insiders own 0.37% of the company’s stock.
Shares of D traded down $1.12 on Friday, hitting $66.22. The company’s stock had a trading volume of 5,215,835 shares, compared to its average volume of 5,961,628. The company has a market capitalization of $43,873.67, a P/E ratio of 18.39, a PEG ratio of 2.46 and a beta of 0.27. 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 has a fifty-two week low of $66.10 and a fifty-two week high of $85.30.
Dominion Energy (NYSE:D) last announced its 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. The business 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%. Dominion Energy’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 anticipate that Dominion Energy will post 4.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 2nd were given a $0.835 dividend. This represents a $3.34 annualized dividend 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 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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