Point View Wealth Management Inc. reduced its stake in shares of Dominion Energy Inc (NYSE:D) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,755 shares of the utilities provider’s stock after selling 124 shares during the period. Point View Wealth Management Inc.’s holdings in Dominion Energy were worth $477,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Prestige Wealth Management Group LLC grew its position in Dominion Energy by 313.3% during the third quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock valued at $25,000 after buying an additional 235 shares during the period. Peddock Capital Advisors LLC purchased a new position in Dominion Energy in the fourth quarter valued at $25,000. Braun Bostich & Associates Inc. purchased a new position in Dominion Energy in the fourth quarter valued at $25,000. Manchester Financial Inc. acquired a new position in shares of Dominion Energy in the fourth quarter worth about $29,000. Finally, Vista Private Wealth Partners. LLC acquired a new position in shares of Dominion Energy in the third quarter worth about $37,000. 65.43% of the stock is currently owned by institutional investors.
Shares of D traded up $1.24 during midday trading on Friday, reaching $87.48. The company had a trading volume of 189,042 shares, compared to its average volume of 2,760,044. Dominion Energy Inc has a 1-year low of $72.61 and a 1-year high of $86.91. The stock has a market cap of $69.63 billion, a PE ratio of 65.76, a price-to-earnings-growth ratio of 4.19 and a beta of 0.22. The firm has a 50 day simple moving average of $83.52 and a 200-day simple moving average of $80.76. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 1.20.
Dominion Energy (NYSE:D) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the business posted $0.89 EPS. Dominion Energy’s revenue was up 33.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy Inc will post 4.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.30%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Thursday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
A number of research firms have recently commented on D. Morgan Stanley boosted their price objective on Dominion Energy from $89.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated a “hold” rating and set a $79.00 target price on shares of Dominion Energy in a research report on Sunday, January 19th. Wells Fargo & Co reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, November 1st. Argus lifted their price target on shares of Dominion Energy from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Finally, Citigroup boosted their price target on shares of Dominion Energy from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $83.33.
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.
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