Nomura Asset Management Co. Ltd. boosted its position in Dominion Energy Inc. (NYSE:D) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,683 shares of the utilities provider’s stock after purchasing an additional 4,509 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $9,361,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its holdings in shares of Dominion Energy by 0.9% in the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after buying an additional 12 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter valued at $103,000. Johnson Financial Group Inc. increased its holdings in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after buying an additional 1,076 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Dominion Energy in the second quarter valued at $107,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.
In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.
Dominion Energy (NYSE:D) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $1.14 EPS. The company’s revenue was up 1.5% on a year-over-year basis. analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.69%. Dominion Energy’s dividend payout ratio is 90.86%.
Several research analysts have issued reports on the company. National Bank Financial cut Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Royal Bank Of Canada reissued a “hold” rating and set a $77.00 target price on shares of Dominion Energy in a research note on Monday, August 21st. Gabelli reissued a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Goldman Sachs Group reissued a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Fourteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.70.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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