Yellowstone Partners LLC purchased a new position in Dominion Energy Inc. (NYSE:D) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,387 shares of the utilities provider’s stock, valued at approximately $568,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth $103,000. Johnson Financial Group Inc. lifted its position in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 800 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Dominion Energy during the second quarter valued at $107,000. Hedge funds and other institutional investors own 64.67% of the company’s stock.
In other news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the sale, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by insiders.
Dominion Energy Inc. (NYSE:D) opened at $84.11 on Thursday. Dominion Energy Inc. has a 52-week low of $70.87 and a 52-week high of $84.83. The company has a market capitalization of $53,673.60, a PE ratio of 22.73, a PEG ratio of 4.10 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. sell-side analysts predict that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.66%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is presently 90.86%.
D has been the topic of several analyst reports. Bank of America initiated coverage on Dominion Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 target price on the stock. J P Morgan Chase & Co lifted their target price on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Citigroup lifted their target price on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.50.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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