American Century Companies Inc. lessened its stake in Dominion Energy Inc (NYSE:D) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,587 shares of the utilities provider’s stock after selling 5,036 shares during the quarter. American Century Companies Inc.’s holdings in Dominion Energy were worth $5,704,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $111,000. American Research & Management Co. grew its position in shares of 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 during the last quarter. MHI Funds LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $119,000. Field & Main Bank bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $166,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $198,000. Institutional investors and hedge funds own 67.30% of the company’s stock.
NYSE D opened at $63.91 on Thursday. Dominion Energy Inc has a 52 week low of $62.31 and a 52 week high of $85.30. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $41.58 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.57 and a beta of 0.27.
Dominion Energy (NYSE:D) last posted its earnings results on Friday, April 27th. The utilities provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. Dominion Energy’s quarterly revenue was up 2.4% on a year-over-year basis. equities analysts expect that Dominion Energy Inc will post 4.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Thursday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is 92.78%.
A number of equities research analysts recently weighed in on the stock. UBS assumed coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, January 30th. Bank of America lowered their price objective on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. JPMorgan Chase & Co. downgraded shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research report on Friday, March 16th. Finally, ValuEngine downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $75.67.
In related news, Director Joseph M. Rigby acquired 2,679 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $74.65 per share, for a total transaction of $199,987.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas F. Farrell II acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was bought at an average price of $63.44 per share, with a total value of $253,760.00. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by corporate insiders.
Dominion Energy Company 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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