Virtus ETF Advisers LLC Purchases 179 Shares of Dominion Energy Inc (D)

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Virtus ETF Advisers LLC lifted its position in shares of Dominion Energy Inc (NYSE:D) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,990 shares of the utilities provider’s stock after purchasing an additional 179 shares during the quarter. Virtus ETF Advisers LLC’s holdings in Dominion Energy were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Heritage Trust Co lifted its position in shares of Dominion Energy by 58.8% during the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock worth $29,000 after buying an additional 150 shares during the period. Clean Yield Group bought a new position in Dominion Energy in the 4th quarter valued at $40,000. Patriot Financial Group Insurance Agency LLC raised its position in Dominion Energy by 245.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 799 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 568 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Dominion Energy during the fourth quarter worth $70,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Dominion Energy by 20.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 182 shares during the last quarter. 67.97% of the stock is currently owned by institutional investors.

In other news, CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares in the company, valued at $3,471,156.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James R. Chapman purchased 4,053 shares of the business’s stock in a transaction dated Wednesday, December 19th. The stock was purchased at an average price of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the acquisition, the chief financial officer now owns 22,256 shares of the company’s stock, valued at $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 research firms have recently weighed in on D. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $79.00 to $73.00 in a research report on Tuesday, January 22nd. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Macquarie set a $78.00 target price on Dominion Energy and gave the stock a “buy” rating in a research report on Monday, January 14th. Bank of America downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $72.00 to $69.00 in a research report on Friday, January 11th. Finally, ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.55.

Shares of Dominion Energy stock traded up $0.19 during trading on Tuesday, reaching $73.00. 70,992 shares of the company were exchanged, compared to its average volume of 5,355,464. The company has a quick ratio of 0.46, a current ratio of 0.62 and a debt-to-equity ratio of 1.58. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $77.19. The stock has a market cap of $47.76 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.21.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) 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 business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts expect that Dominion Energy Inc will post 4.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 5.03%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, February 28th. Dominion Energy’s payout ratio is 82.47%.

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Dominion Energy Company Profile

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

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