Signature Financial Management Inc. grew its position in shares of Dominion Energy (NYSE:D) by 121.6% during the first quarter, HoldingsChannel.com reports. The fund owned 9,301 shares of the utilities provider’s stock after purchasing an additional 5,103 shares during the period. Signature Financial Management Inc.’s holdings in Dominion Energy were worth $627,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of D. BlackRock Inc. grew its stake in shares of Dominion Energy by 4.4% in the 4th quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock worth $3,650,316,000 after buying an additional 1,902,352 shares during the last quarter. Millennium Management LLC grew its stake in shares of Dominion Energy by 97.0% in the 4th quarter. Millennium Management LLC now owns 1,446,750 shares of the utilities provider’s stock worth $117,274,000 after buying an additional 712,261 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Dominion Energy by 22.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,744,991 shares of the utilities provider’s stock worth $222,509,000 after buying an additional 496,009 shares during the last quarter. Duff & Phelps Investment Management Co. grew its stake in shares of Dominion Energy by 93.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,004,263 shares of the utilities provider’s stock worth $81,406,000 after buying an additional 485,000 shares during the last quarter. Finally, Reaves W H & Co. Inc. grew its stake in shares of Dominion Energy by 29.4% in the 1st quarter. Reaves W H & Co. Inc. now owns 1,752,725 shares of the utilities provider’s stock worth $118,186,000 after buying an additional 398,275 shares during the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.
In other news, Director Joseph M. Rigby purchased 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $74.65 per share, with a total value of $199,987.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas F. Farrell II bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was bought at an average cost of $63.44 per share, for a total transaction of $253,760.00. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.
D has been the topic of several recent analyst reports. UBS initiated coverage on Dominion Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $85.00 target price on the stock. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, January 30th. Bank of America cut their target price on Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. JPMorgan Chase downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 target price on the stock. in a research note on Friday, March 16th. Finally, ValuEngine downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $75.67.
NYSE D opened at $63.72 on Tuesday. The firm has a market cap of $41.30 billion, a PE ratio of 17.70, a PEG ratio of 2.55 and a beta of 0.27. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.55. Dominion Energy has a 1-year low of $62.31 and a 1-year high of $85.30.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.11. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Dominion Energy had a return on equity of 12.88% and a net margin of 23.74%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. analysts forecast that Dominion Energy will post 4.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.835 per share. The ex-dividend date is Thursday, May 31st. This represents a $3.34 annualized dividend and a dividend yield of 5.24%. Dominion Energy’s payout ratio is 92.78%.
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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