Keystone Financial Planning Inc. raised its position in shares of Dominion Energy Inc (NYSE:D) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,051 shares of the utilities provider’s stock after acquiring an additional 1,178 shares during the period. Dominion Energy makes up approximately 3.1% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 14th largest position. Keystone Financial Planning Inc.’s holdings in Dominion Energy were worth $6,118,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. OLD Point Trust & Financial Services N A raised its position in shares of Dominion Energy by 1.6% in the third quarter. OLD Point Trust & Financial Services N A now owns 50,460 shares of the utilities provider’s stock valued at $3,547,000 after buying an additional 794 shares in the last quarter. HL Financial Services LLC raised its position in Dominion Energy by 6.0% during the third quarter. HL Financial Services LLC now owns 49,464 shares of the utilities provider’s stock valued at $3,476,000 after purchasing an additional 2,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Dominion Energy by 4.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 131,481 shares of the utilities provider’s stock valued at $9,240,000 after purchasing an additional 5,574 shares in the last quarter. Usca Ria LLC raised its position in Dominion Energy by 12.6% during the third quarter. Usca Ria LLC now owns 36,756 shares of the utilities provider’s stock valued at $2,583,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its position in Dominion Energy by 58.8% during the third quarter. Financial Engines Advisors L.L.C. now owns 354,347 shares of the utilities provider’s stock valued at $24,903,000 after purchasing an additional 131,152 shares in the last quarter. Institutional investors own 67.45% of the company’s stock.
NYSE D opened at $70.23 on Tuesday. The firm has a market cap of $45.69 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.76 and a beta of 0.18. Dominion Energy Inc has a fifty-two week low of $61.53 and a fifty-two week high of $85.30. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60.
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, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.34%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, sell-side analysts predict that Dominion Energy Inc will post 4.08 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 paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.76%. Dominion Energy’s payout ratio is presently 92.78%.
In related news, Director John W. Harris bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average price of $71.15 per share, with a total value of $711,500.00. Following the completion of the purchase, the director now owns 17,495 shares in the company, valued at approximately $1,244,769.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.
D has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, July 23rd. Guggenheim restated a “buy” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, July 23rd. Howard Weil initiated coverage on shares of Dominion Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating for the company. Finally, Scotiabank initiated coverage on shares of Dominion Energy in a research report on Tuesday, July 24th. They set a “hold” rating and a $167.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $84.50.
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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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