LexAurum Advisors LLC acquired a new stake in shares of Dominion Energy Inc (NYSE:D) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,965 shares of the utilities provider’s stock, valued at approximately $208,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Kaizen Advisory LLC boosted its holdings in Dominion Energy by 136.6% during the second quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 851 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in Dominion Energy during the third quarter worth about $121,000. Psagot Investment House Ltd. purchased a new position in Dominion Energy during the third quarter worth about $126,000. First Hawaiian Bank purchased a new position in Dominion Energy during the third quarter worth about $132,000. Finally, Wagner Wealth Management LLC boosted its holdings in Dominion Energy by 859.5% during the third quarter. Wagner Wealth Management LLC now owns 1,919 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 1,719 shares during the last quarter. Hedge funds and other institutional investors own 67.43% of the company’s stock.
In other Dominion Energy news, Director John W. Harris purchased 10,000 shares of the stock in a transaction dated Tuesday, August 28th. The shares were bought at an average price of $71.15 per share, with a total value of $711,500.00. Following the completion of the transaction, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.
Shares of D stock opened at $74.42 on Tuesday. The stock has a market capitalization of $48.22 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.98 and a beta of 0.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $85.30.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The company’s revenue for the quarter 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. Research analysts predict that Dominion Energy Inc will post 4.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio is 92.78%.
Several research analysts recently weighed in on the stock. Barclays set a $79.00 price target on shares of Dominion Energy and gave the stock a “buy” rating in a report on Saturday. JPMorgan Chase & Co. cut their price target on shares of Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Bank of America cut their price target on shares of Dominion Energy from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, October 22nd. Finally, ValuEngine upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.58.
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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.
Further Reading: Fundamental Analysis
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