Dividend Assets Capital LLC lifted its position in shares of Dominion Energy Inc (NYSE:D) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,712 shares of the utilities provider’s stock after buying an additional 386 shares during the period. Dividend Assets Capital LLC’s holdings in Dominion Energy were worth $408,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Heritage Trust Co increased its holdings in Dominion Energy by 58.8% in 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. Clean Yield Group acquired a new stake in Dominion Energy in the 4th quarter valued at $40,000. Patriot Financial Group Insurance Agency LLC increased its holdings 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 in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Dominion Energy in the 4th quarter valued at $70,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in Dominion Energy by 6,957.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 4,955,630 shares in the last quarter. Institutional investors and hedge funds own 67.97% of the company’s stock.
NYSE:D opened at $73.26 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. The stock has a market capitalization of $48.08 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 3.20 and a beta of 0.21. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $77.19.
The company also recently disclosed 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 a boost from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, February 28th. Dominion Energy’s dividend payout ratio is presently 82.47%.
In other news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James R. Chapman purchased 4,053 shares of Dominion Energy stock in a transaction dated Wednesday, December 19th. The shares were bought at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the transaction, the chief financial officer now directly 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. Corporate insiders own 0.34% of the company’s stock.
D has been the subject of several recent research reports. Bank of America downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $72.00 to $69.00 in a report on Friday, January 11th. Zacks Investment Research reiterated a “sell” rating on shares of Dominion Energy in a report on Monday, December 31st. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $79.00 to $73.00 in a report on Tuesday, January 22nd. Finally, UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $75.00 to $84.00 in a report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Dominion Energy has an average rating of “Hold” and an average price target of $85.55.
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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