Cahill Financial Advisors Inc. increased its holdings in shares of Dominion Energy Inc (NYSE:D) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,265 shares of the utilities provider’s stock after purchasing an additional 730 shares during the period. Cahill Financial Advisors Inc.’s holdings in Dominion Energy were worth $448,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of D. Altshuler Shaham Ltd acquired a new position in Dominion Energy in the 4th quarter valued at approximately $27,000. Athena Capital Advisors LLC acquired a new position in Dominion Energy in the 4th quarter valued at approximately $28,000. Heritage Trust Co raised 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 acquiring an additional 150 shares in the last quarter. Sontag Advisory LLC acquired a new position in Dominion Energy in the 4th quarter valued at approximately $37,000. Finally, Lindbrook Capital LLC acquired a new position in Dominion Energy in the 4th quarter valued at approximately $38,000. 58.26% of the stock is owned by institutional investors and hedge funds.
NYSE D opened at $75.11 on Friday. The company has a market cap of $59.91 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 3.28 and a beta of 0.22. Dominion Energy Inc has a one year low of $61.53 and a one year high of $77.22. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a dividend of $0.9175 per share. The ex-dividend date of this dividend was Thursday, February 28th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 dividend on an annualized basis and a yield of 4.89%. Dominion Energy’s dividend payout ratio is 90.62%.
D has been the topic of several analyst reports. Argus reiterated a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. Mizuho initiated coverage on Dominion Energy in a research note on Monday, March 11th. They issued a “neutral” rating and a $76.00 price objective on the stock. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $75.00 to $84.00 in a research note on Thursday, November 29th. Finally, Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Monday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $84.31.
In other Dominion Energy news, Director Robert H. Spilman, Jr. sold 1,215 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total value of $92,352.15. Following the transaction, the director now directly owns 23,598 shares in the company, valued at approximately $1,793,683.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Maybank Hagood acquired 1,965 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the transaction, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.
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Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. 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.
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