Clifford Swan Investment Counsel LLC raised its stake in Dominion Energy Inc (NYSE:D) by 49.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,044 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Dominion Energy were worth $490,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Stevens First Principles Investment Advisors bought a new stake in Dominion Energy in the fourth quarter valued at approximately $2,942,000. Taylor Hoffman Wealth Management bought a new stake in Dominion Energy in the fourth quarter valued at approximately $1,563,000. Virtu Financial LLC bought a new stake in Dominion Energy in the fourth quarter valued at approximately $688,000. Tower Research Capital LLC TRC lifted its position in Dominion Energy by 1,400.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,338 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 9,649 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in Dominion Energy by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,607,375 shares of the utilities provider’s stock valued at $211,354,000 after purchasing an additional 7,228 shares during the last quarter. Hedge funds and other institutional investors own 65.34% of the company’s stock.
In other news, Director John W. Harris sold 11,254 shares of the stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total value of $899,644.76. Following the sale, the director now directly owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W. Harris sold 2,665 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.
A number of brokerages recently commented on D. Bank of America decreased their target price on Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Morgan Stanley upped their target price on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. UBS Group began coverage on Dominion Energy in a report on Friday, February 2nd. They set a “buy” rating and a $85.00 target price for the company. Finally, Gabelli restated a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $82.09.
Shares of Dominion Energy Inc (D) opened at $75.80 on Monday. The firm has a market capitalization of $48,858.50, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.65 and a beta of 0.20. Dominion Energy Inc has a 12 month low of $72.80 and a 12 month high of $85.30. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. analysts predict that Dominion Energy Inc will post 4.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.41%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s dividend payout ratio is presently 62.73%.
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Dominion Energy 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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