Patriot Financial Group Insurance Agency LLC raised its holdings in Dominion Energy Inc (NYSE:D) by 245.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 799 shares of the utilities provider’s stock after purchasing an additional 568 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Dominion Energy were worth $57,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brown Advisory Inc. raised its stake in Dominion Energy by 12.0% during the third quarter. Brown Advisory Inc. now owns 146,077 shares of the utilities provider’s stock worth $10,266,000 after purchasing an additional 15,596 shares during the period. Canada Pension Plan Investment Board raised its stake in Dominion Energy by 17.5% during the third quarter. Canada Pension Plan Investment Board now owns 10,068 shares of the utilities provider’s stock worth $708,000 after purchasing an additional 1,500 shares during the period. Griffin Asset Management Inc. raised its stake in Dominion Energy by 10.2% during the third quarter. Griffin Asset Management Inc. now owns 95,105 shares of the utilities provider’s stock worth $6,684,000 after purchasing an additional 8,785 shares during the period. Moody National Bank Trust Division raised its stake in Dominion Energy by 0.8% during the fourth quarter. Moody National Bank Trust Division now owns 49,282 shares of the utilities provider’s stock worth $3,521,000 after purchasing an additional 399 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Dominion Energy by 12.7% during the third quarter. Brown Brothers Harriman & Co. now owns 36,983 shares of the utilities provider’s stock worth $2,599,000 after purchasing an additional 4,182 shares during the period. 67.97% of the stock is currently owned by institutional investors.
In related news, CFO James R. Chapman acquired 4,053 shares of Dominion Energy stock in a transaction on Wednesday, December 19th. The shares were purchased at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the purchase, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane Leopold sold 2,500 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the transaction, the chief executive officer now owns 48,677 shares in the company, valued at $3,471,156.87. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.
Dominion Energy stock opened at $73.05 on Monday. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $77.19. The firm has a market capitalization of $47.96 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.87 and a beta of 0.21. The company has a quick ratio of 0.46, a current ratio of 0.62 and a debt-to-equity ratio of 1.58.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. Dominion Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Research analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be issued a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 5.02%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.
D has been the topic of a number of recent analyst reports. Zacks Investment Research reaffirmed a “sell” rating on shares of Dominion Energy in a research note on Monday, December 31st. Macquarie set a $78.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Monday, January 14th. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. JPMorgan Chase & Co. lowered shares of Dominion Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $79.00 to $73.00 in a research report on Tuesday, January 22nd. Finally, Bank of America lowered shares of Dominion Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $72.00 to $69.00 in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $85.55.
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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.
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