Chase Investment Counsel Corp purchased a new stake in shares of Dominion Energy Inc (NYSE:D) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,426 shares of the utilities provider’s stock, valued at approximately $240,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JNBA Financial Advisors acquired a new stake in shares of Dominion Energy in the third quarter worth $1,791,000. US Bancorp DE boosted its position in shares of Dominion Energy by 4.0% in the third quarter. US Bancorp DE now owns 159,183 shares of the utilities provider’s stock worth $11,187,000 after buying an additional 6,163 shares during the period. Moody National Bank Trust Division boosted its position in shares of Dominion Energy by 498.5% in the third quarter. Moody National Bank Trust Division now owns 48,883 shares of the utilities provider’s stock worth $3,435,000 after buying an additional 40,715 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Dominion Energy by 6.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 123,068 shares of the utilities provider’s stock worth $8,650,000 after buying an additional 7,212 shares during the period. Finally, Capital Management Corp VA acquired a new stake in shares of Dominion Energy in the third quarter worth $210,000. 67.43% of the stock is owned by hedge funds and other institutional investors.
In related news, Director John W. Harris bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were bought at an average cost of $71.15 per share, for a total transaction of $711,500.00. Following the completion of the acquisition, the director now directly owns 17,495 shares in the company, valued at $1,244,769.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by company insiders.
Shares of NYSE:D opened at $70.33 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 1.60. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $85.30. The firm has a market cap of $47.62 billion, a P/E ratio of 19.54, a PEG ratio of 2.82 and a beta of 0.23.
Dominion Energy (NYSE:D) last posted its earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Dominion Energy Inc will post 4.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be issued a dividend of $0.835 per share. The ex-dividend date is Thursday, December 6th. This represents a $3.34 annualized dividend and a yield of 4.75%. Dominion Energy’s dividend payout ratio (DPR) is currently 92.78%.
D has been the subject of several recent analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Monday, October 22nd. Barclays initiated coverage on Dominion Energy in a report on Monday, October 22nd. They set a “buy” rating and a $78.00 price objective for the company. Wells Fargo & Co reiterated a “hold” rating and set a $76.00 price objective (up from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. Howard Weil initiated coverage on Dominion Energy in a report on Tuesday, July 24th. They set a “sector perform” rating for the company. Finally, Bank of America cut their price objective on Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $84.75.
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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