Bokf Na Increases Position in Dominion Energy Inc (D)

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Bokf Na increased its holdings in Dominion Energy Inc (NYSE:D) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,160 shares of the utilities provider’s stock after purchasing an additional 3,950 shares during the period. Bokf Na’s holdings in Dominion Energy were worth $3,155,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in shares of Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after purchasing an additional 825,191 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Dominion Energy by 2.2% in the fourth quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock worth $3,373,599,000 after purchasing an additional 1,032,107 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after purchasing an additional 1,697,619 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Dominion Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock worth $599,737,000 after purchasing an additional 613,093 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dominion Energy by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock worth $431,998,000 after purchasing an additional 1,413,097 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

In other news, Director D Maybank Hagood acquired 1,965 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $76.34 per share, with a total value of $150,008.10. Following the purchase, the director now directly owns 2,975 shares of the company’s stock, valued at $227,111.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the sale, the director now directly owns 23,598 shares in the company, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

D has been the subject of a number of research reports. Argus reaffirmed a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. Mizuho initiated coverage on shares of Dominion Energy in a research note on Monday. They issued a “neutral” rating and a $76.00 price objective for the company. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, January 7th. Finally, UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $75.00 to $84.00 in a research note on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $84.75.

D opened at $76.64 on Friday. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $77.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market cap of $60.99 billion, a PE ratio of 18.92, a P/E/G ratio of 3.34 and a beta of 0.22.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company posted $0.91 EPS. Dominion Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.9175 per share. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.79%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

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About Dominion Energy

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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