Traders Buy Shares of Dominion Energy (D) on Weakness

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Investors purchased shares of Dominion Energy Inc (NYSE:D) on weakness during trading on Monday. $108.97 million flowed into the stock on the tick-up and $29.03 million flowed out of the stock on the tick-down, for a money net flow of $79.94 million into the stock. Of all stocks tracked, Dominion Energy had the 14th highest net in-flow for the day. Dominion Energy traded down ($0.24) for the day and closed at $72.81

D has been the topic of several recent research reports. Bank of America lowered shares of Dominion Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $72.00 to $69.00 in a report on Friday, January 11th. Zacks Investment Research reissued a “sell” rating on shares of Dominion Energy in a research report on Monday, December 31st. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $75.00 to $84.00 in a research report on Thursday, November 29th. Finally, Wells Fargo & Co lifted their price target on shares of Dominion Energy from $73.00 to $80.00 and gave the company a “market perform” rating in a report on Monday, December 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus target price of $85.55.

The stock has a market cap of $47.99 billion, a PE ratio of 17.98, a P/E/G ratio of 2.87 and a beta of 0.21. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts expect that Dominion Energy Inc will post 4.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be given a $0.9175 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 annualized dividend and a yield of 5.04%. The ex-dividend date is Thursday, February 28th. Dominion Energy’s payout ratio is currently 82.47%.

In other news, CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the transaction, the chief executive officer now owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James R. Chapman bought 4,053 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the acquisition, the chief financial officer now owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new position in shares of Dominion Energy in the 4th quarter worth about $27,000. Athena Capital Advisors LLC acquired a new stake in Dominion Energy during the 4th quarter valued at approximately $28,000. Heritage Trust Co grew its stake in Dominion Energy by 58.8% during the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 150 shares in the last quarter. Lindbrook Capital LLC bought a new position in Dominion Energy during the 4th quarter worth approximately $38,000. Finally, Clean Yield Group bought a new position in Dominion Energy during the 4th quarter worth approximately $40,000. 67.97% of the stock is currently owned by hedge funds and other institutional investors.

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Dominion Energy Company Profile (NYSE:D)

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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