Venturi Wealth Management LLC raised its stake in shares of Dominion Energy Inc (NYSE:D) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,512 shares of the utilities provider’s stock after acquiring an additional 1,580 shares during the quarter. Venturi Wealth Management LLC’s holdings in Dominion Energy were worth $2,635,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Johnson Financial Group Inc. boosted its position in shares of Dominion Energy by 146.8% in the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 800 shares in the last quarter. American Research & Management Co. boosted its position in shares of Dominion Energy by 159.7% in the 4th quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 875 shares in the last quarter. MHI Funds LLC purchased a new position in Dominion Energy in the 4th quarter worth $119,000. Parkside Financial Bank & Trust raised its stake in Dominion Energy by 183.2% in the 3rd 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 during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in Dominion Energy by 160.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 965 shares during the last quarter. 65.34% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Inc (D) traded up $0.48 during midday trading on Thursday, hitting $73.72. The company’s stock had a trading volume of 410,379 shares, compared to its average volume of 4,714,993. Dominion Energy Inc has a twelve month low of $72.80 and a twelve month high of $85.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. The stock has a market cap of $47,670.00, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.60 and a beta of 0.20.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.53%. Dominion Energy’s dividend payout ratio (DPR) is 91.12%.
In other news, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now directly owns 13,282 shares in the company, valued at approximately $1,061,763.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the sale, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.
A number of equities analysts recently issued reports on D shares. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, January 30th. Bank of America upgraded Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a research note on Thursday, December 14th. UBS Group started coverage on Dominion Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Finally, Morgan Stanley lifted their price objective 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. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $82.09.
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Dominion Energy 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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