Kayne Anderson Capital Advisors LP lowered its stake in Dominion Energy Inc (NYSE:D) by 24.2% in the 4th quarter, HoldingsChannel reports. The fund owned 5,000 shares of the utilities provider’s stock after selling 1,600 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Dominion Energy were worth $404,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $966,000. Atria Investments LLC grew its position in Dominion Energy by 12.5% in the 4th quarter. Atria Investments LLC now owns 27,879 shares of the utilities provider’s stock valued at $2,260,000 after purchasing an additional 3,092 shares during the period. APG Asset Management N.V. grew its position in Dominion Energy by 4.0% in the 4th quarter. APG Asset Management N.V. now owns 892,242 shares of the utilities provider’s stock valued at $60,231,000 after purchasing an additional 34,000 shares during the period. QUANTRES ASSET MANAGEMENT Ltd grew its position in Dominion Energy by 73.3% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 15,600 shares of the utilities provider’s stock valued at $1,265,000 after purchasing an additional 6,600 shares during the period. Finally, Sawyer & Company Inc acquired a new stake in Dominion Energy in the 4th quarter valued at $587,000. Institutional investors own 64.73% of the company’s stock.
Dominion Energy Inc (D) opened at $72.87 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.30 and a current ratio of 0.45. The stock has a market cap of $47,500.00, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.55 and a beta of 0.23. Dominion Energy Inc has a fifty-two week low of $71.91 and a fifty-two week high of $85.30.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.58%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s payout ratio is currently 98.82%.
Several analysts recently issued reports on D shares. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Wednesday, January 17th. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Morgan Stanley lifted their price target on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target for the company in a research report on Thursday, December 14th. Finally, Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, January 30th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average target price of $82.09.
In other Dominion Energy news, Director John W. Harris sold 11,254 shares of Dominion Energy stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the transaction, the director now directly owns 13,282 shares of the company’s stock, 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 Dominion Energy stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the transaction, the director now directly 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 insiders.
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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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