Meadow Creek Investment Management LLC lowered its position in Dominion Energy (NYSE:D) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,596 shares of the utilities provider’s stock after selling 2,744 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Dominion Energy were worth $6,939,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. grew its holdings in Dominion Energy by 146.8% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. American Research & Management Co. grew its holdings in Dominion Energy by 159.7% during the 4th quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after buying an additional 875 shares in the last quarter. MHI Funds LLC purchased a new position in Dominion Energy during the 4th quarter valued at about $119,000. Chicago Partners Investment Group LLC grew its holdings in Dominion Energy by 160.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after buying an additional 965 shares in the last quarter. Finally, CWM LLC grew its holdings in Dominion Energy by 104.0% during the 4th quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock valued at $146,000 after buying an additional 919 shares in the last quarter. 65.29% of the stock is owned by institutional investors.
NYSE:D opened at $66.22 on Friday. The company has a market capitalization of $43,873.67, a P/E ratio of 18.76, a PEG ratio of 2.46 and a beta of 0.27. Dominion Energy has a 1-year low of $66.10 and a 1-year high of $85.30. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.60.
Dominion Energy (NYSE:D) last released its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. equities analysts forecast that Dominion Energy will post 4.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 2nd were given a $0.835 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $3.34 dividend on an annualized basis and a yield of 5.04%. Dominion Energy’s payout ratio is presently 92.78%.
D has been the subject of a number of research analyst reports. JPMorgan Chase upgraded 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. UBS dropped their price target on Dominion Energy from $77.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, March 28th. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Wednesday, January 17th. Finally, Bank of America set a $87.00 price target on Dominion Energy and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.21.
In other news, Director Joseph M. Rigby bought 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, for a total transaction of $199,987.35. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Harris sold 2,665 shares of Dominion Energy stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
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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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