Dominion Energy Inc (NYSE:D)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $72.55 and last traded at $72.49, with a volume of 2067522 shares. The stock had previously closed at $74.07.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Bank of America set a $87.00 price target on Dominion Energy and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Morgan Stanley upped their price target on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, UBS Group assumed coverage on Dominion Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $85.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $82.09.
The firm has a market capitalization of $47,250.00, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.60 and a beta of 0.20. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio is currently 91.12%.
In related news, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $79.94, for a total value of $899,644.76. Following the completion of the sale, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. 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 worth $103,000 after acquiring an additional 800 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth about $111,000. American Research & Management Co. increased its holdings in shares of Dominion Energy by 159.7% in the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 875 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Dominion Energy by 183.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 1,000 shares in the last quarter. Finally, MHI Funds LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth about $119,000. Institutional investors own 65.34% of the company’s stock.
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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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