Lee Danner & Bass Inc. lowered its stake in Dominion Energy Inc (NYSE:D) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,893 shares of the utilities provider’s stock after selling 760 shares during the period. Lee Danner & Bass Inc.’s holdings in Dominion Energy were worth $2,215,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Comerica Bank increased its holdings in Dominion Energy by 28.8% during the 1st quarter. Comerica Bank now owns 237,292 shares of the utilities provider’s stock valued at $17,994,000 after purchasing an additional 53,038 shares during the period. Semmax Financial Advisors Inc. purchased a new position in Dominion Energy during the 4th quarter valued at about $1,529,000. Spectrum Management Group Inc. purchased a new position in Dominion Energy during the 1st quarter valued at about $40,000. Motco increased its holdings in Dominion Energy by 0.9% during the 4th quarter. Motco now owns 51,862 shares of the utilities provider’s stock valued at $3,706,000 after purchasing an additional 476 shares during the period. Finally, UNIVEST FINANCIAL Corp increased its holdings in Dominion Energy by 12.2% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 5,031 shares of the utilities provider’s stock valued at $360,000 after purchasing an additional 546 shares during the period. Hedge funds and other institutional investors own 59.38% of the company’s stock.
In other Dominion Energy news, Director Robert H. Spilman, Jr. sold 1,215 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the transaction, the director now owns 23,598 shares in the company, valued at approximately $1,793,683.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director D Maybank Hagood bought 1,965 shares of Dominion Energy stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by corporate insiders.
D stock opened at $76.73 on Wednesday. Dominion Energy Inc has a fifty-two week low of $61.53 and a fifty-two week high of $77.91. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a market cap of $61.57 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 3.70 and a beta of 0.23.
Dominion Energy (NYSE:D) last posted its earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the company posted $1.14 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. On average, analysts expect that Dominion Energy Inc will post 4.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.
A number of research analysts recently issued reports on D shares. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $79.00 to $73.00 in a report on Tuesday, January 22nd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Macquarie downgraded Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Wolfe Research set a $79.00 price target on Dominion Energy and gave the company a “hold” rating in a report on Monday, March 18th. Finally, Mizuho started coverage on Dominion Energy in a report on Monday, March 11th. They set a “neutral” rating and a $76.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Dominion Energy has an average rating of “Hold” and an average price target of $85.00.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2019/05/22/lee-danner-bass-inc-has-2-22-million-stake-in-dominion-energy-inc-d.html.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. 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.
Featured Story: What does EPS mean?
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.