Captrust Financial Advisors bought a new stake in shares of Dominion Energy Inc (NYSE:D) during the 4th quarter, Holdings Channel reports. The firm bought 15,358 shares of the utilities provider’s stock, valued at approximately $1,245,000.
A number of other institutional investors have also made changes to their positions in the business. Paloma Partners Management Co bought a new stake in Dominion Energy during the 4th quarter valued at $887,000. Raymond James & Associates raised its stake in shares of Dominion Energy by 1.2% in the 4th quarter. Raymond James & Associates now owns 2,014,585 shares of the utilities provider’s stock worth $163,301,000 after buying an additional 23,179 shares in the last quarter. HPM Partners LLC raised its stake in shares of Dominion Energy by 23.6% in the 4th quarter. HPM Partners LLC now owns 6,146 shares of the utilities provider’s stock worth $498,000 after buying an additional 1,173 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Dominion Energy by 2.7% in the 4th quarter. Guggenheim Capital LLC now owns 570,792 shares of the utilities provider’s stock worth $46,268,000 after buying an additional 15,243 shares in the last quarter. Finally, QS Investors LLC raised its stake in shares of Dominion Energy by 13.5% in the 4th quarter. QS Investors LLC now owns 186,230 shares of the utilities provider’s stock worth $15,096,000 after buying an additional 22,141 shares in the last quarter. 65.33% of the stock is currently owned by hedge funds and other institutional investors.
In other news, 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 owns 13,282 shares in the company, valued at $1,070,529.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph M. Rigby purchased 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $74.65 per share, for a total transaction of $199,987.35. The disclosure for this purchase can be found here. Insiders own 0.37% of the company’s stock.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. analysts anticipate that Dominion Energy Inc will post 4.05 earnings per share for the current fiscal year.
The business also recently announced 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 dividend yield of 4.58%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. Dominion Energy’s payout ratio is presently 68.02%.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Bank of America set a $87.00 price objective on Dominion Energy and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Morgan Stanley boosted their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. UBS Group assumed coverage on Dominion Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research note on Thursday, December 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Dominion Energy currently has an average rating of “Hold” and a consensus target price 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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