Leavell Investment Management Inc. boosted its stake in shares of Dominion Energy Inc (NYSE:D) by 205.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,791 shares of the utilities provider’s stock after purchasing an additional 11,286 shares during the quarter. Leavell Investment Management Inc.’s holdings in Dominion Energy were worth $1,287,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in D. Nalls Sherbakoff Group LLC acquired a new position in Dominion Energy during the 4th quarter worth $26,000. Altshuler Shaham Ltd acquired a new position in Dominion Energy during the 4th quarter worth $27,000. Athena Capital Advisors LLC acquired a new position in Dominion Energy during the 4th quarter worth $28,000. Heritage Trust Co boosted its position in 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 acquiring an additional 150 shares during the period. Finally, Clarfeld Financial Advisors LLC acquired a new position in Dominion Energy during the 4th quarter worth $36,000. Institutional investors and hedge funds own 58.90% of the company’s stock.
D has been the subject of a number of analyst reports. Zacks Investment Research reiterated a “sell” rating on shares of Dominion Energy in a research report on Monday, December 31st. Macquarie set a $78.00 price target on Dominion Energy and gave the stock a “buy” rating in a research report on Monday, January 14th. JPMorgan Chase & Co. lowered Dominion Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $79.00 to $73.00 in a research report on Tuesday, January 22nd. ValuEngine lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America lowered Dominion Energy from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $72.00 to $69.00 in a research report on Friday, January 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $85.08.
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 the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. Equities analysts anticipate that Dominion Energy Inc will post 4.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.9175 per share. The ex-dividend date 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 dividend yield of 4.88%. Dominion Energy’s payout ratio is 90.62%.
In other news, CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total transaction of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s 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 sale, the director now directly owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
Dominion Energy Company 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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