MainStreet Investment Advisors LLC bought a new stake in shares of Dominion Energy (NYSE:D) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 56,905 shares of the utilities provider’s stock, valued at approximately $4,613,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Johnson Financial Group Inc. lifted its stake in 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 acquiring an additional 800 shares during the period. American Research & Management Co. lifted its stake in 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 acquiring an additional 875 shares during the period. MHI Funds LLC purchased a new stake in Dominion Energy in the fourth quarter worth about $119,000. Chicago Partners Investment Group LLC lifted its stake in 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 acquiring an additional 965 shares during the period. Finally, CWM LLC lifted its stake in 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 period. 65.29% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Dominion Energy from $70.00 to $67.33 and set a “neutral” rating for the company in a research note on Wednesday. Hilliard Lyons set a $76.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research note on Thursday, March 29th. UBS assumed coverage on shares of Dominion Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $85.00 target price for the company. JPMorgan Chase upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a report on Thursday, December 14th. Finally, Morgan Stanley boosted their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $78.21.
In other news, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the transaction, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the transaction, the director now owns 13,282 shares in the company, valued at approximately $1,061,763.08. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Shares of Dominion Energy stock opened at $66.22 on Friday. The stock 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 quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.60. Dominion Energy has a one year low of $66.10 and a one year 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 Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. sell-side analysts anticipate that Dominion Energy will post 4.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were issued a dividend of $0.835 per share. The ex-dividend date was Thursday, March 1st. This represents a $3.34 annualized dividend and a dividend yield of 5.04%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend 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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