Xact Kapitalforvaltning AB Boosts Stake in Dominion Energy Inc (D)

Xact Kapitalforvaltning AB grew its holdings in Dominion Energy Inc (NYSE:D) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,073 shares of the utilities provider’s stock after acquiring an additional 8,891 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Dominion Energy were worth $4,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. lifted its position in Dominion Energy by 8.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 138,939 shares of the utilities provider’s stock worth $11,262,000 after purchasing an additional 10,700 shares during the period. Fieldpoint Private Securities LLC bought a new position in Dominion Energy in the third quarter worth $966,000. Atria Investments LLC lifted its position in Dominion Energy by 12.5% in the fourth quarter. Atria Investments LLC now owns 27,879 shares of the utilities provider’s stock worth $2,260,000 after purchasing an additional 3,092 shares during the period. APG Asset Management N.V. lifted its position in Dominion Energy by 4.0% in the fourth quarter. APG Asset Management N.V. now owns 892,242 shares of the utilities provider’s stock worth $60,231,000 after purchasing an additional 34,000 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd lifted its position in Dominion Energy by 73.3% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 15,600 shares of the utilities provider’s stock worth $1,265,000 after purchasing an additional 6,600 shares during the period. 65.28% of the stock is owned by institutional investors.

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In other Dominion Energy news, Director Joseph M. Rigby bought 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $74.65 per share, for a total transaction of $199,987.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction on 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 $1,061,763.08. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

Several research analysts have issued reports on D shares. Morgan Stanley increased 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. 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. 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. UBS 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, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Fourteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average target price of $81.36.

Dominion Energy stock opened at $67.30 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. Dominion Energy Inc has a 12 month low of $67.17 and a 12 month high of $85.30. The stock has a market capitalization of $43,847.64, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.46 and a beta of 0.23.

Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. equities analysts anticipate that Dominion Energy Inc will post 4.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were paid a $0.835 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This is a positive change 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 4.96%. Dominion Energy’s dividend payout ratio (DPR) is 68.02%.

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About Dominion Energy

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.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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