Symons Capital Management Inc. Reduces Stake in Dominion Energy Inc (NYSE:D)

Symons Capital Management Inc. reduced its holdings in Dominion Energy Inc (NYSE:D) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,618 shares of the utilities provider’s stock after selling 12,989 shares during the period. Dominion Energy makes up about 4.4% of Symons Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. Symons Capital Management Inc.’s holdings in Dominion Energy were worth $9,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Dominion Energy by 1.9% in the second quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock valued at $5,066,345,000 after acquiring an additional 1,241,779 shares during the period. BlackRock Inc. grew its position in Dominion Energy by 1.6% in the second quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock valued at $4,351,431,000 after acquiring an additional 892,554 shares during the period. Invesco Ltd. grew its position in Dominion Energy by 12.4% in the second quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock valued at $981,214,000 after acquiring an additional 1,398,000 shares during the period. Northern Trust Corp grew its position in Dominion Energy by 5.0% in the second quarter. Northern Trust Corp now owns 10,133,515 shares of the utilities provider’s stock valued at $783,524,000 after acquiring an additional 480,345 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Dominion Energy by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 6,708,987 shares of the utilities provider’s stock valued at $518,739,000 after acquiring an additional 343,181 shares during the period. 65.28% of the stock is currently owned by institutional investors.

Dominion Energy stock traded down $0.03 on Friday, reaching $80.28. The company’s stock had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.51. Dominion Energy Inc has a twelve month low of $67.41 and a twelve month high of $83.73. The company has a market cap of $66.96 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22. The business’s fifty day moving average price is $81.53 and its 200 day moving average price is $77.81.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities analysts forecast that Dominion Energy Inc will post 4.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

In other news, VP Jeffrey Michael Zeiler purchased 15,112 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $6.31 per share, with a total value of $95,356.72. Also, CEO Diane Leopold sold 11,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total value of $948,520.00. Following the transaction, the chief executive officer now directly owns 60,564 shares in the company, valued at approximately $4,995,318.72. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

D has been the topic of a number of analyst reports. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Co boosted their price objective on Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.45.

Dominion Energy Profile

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.

Further Reading: How dollar cost averaging works

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).

Institutional Ownership by Quarter for Dominion Energy (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.