Sowell Financial Services LLC raised its position in Dominion Energy Inc (NYSE:D) by 21.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,168 shares of the utilities provider’s stock after purchasing an additional 1,090 shares during the quarter. Sowell Financial Services LLC’s holdings in Dominion Energy were worth $408,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in D. Cornerstone Capital Management Holdings LLC. increased its position in shares of Dominion Energy by 8.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 138,939 shares of the utilities provider’s stock valued at $11,262,000 after acquiring an additional 10,700 shares during the last quarter. BB&T Investment Services Inc. increased its position in shares of Dominion Energy by 15.5% in the fourth quarter. BB&T Investment Services Inc. now owns 18,083 shares of the utilities provider’s stock valued at $1,464,000 after acquiring an additional 2,432 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Dominion Energy by 4.0% in the fourth quarter. APG Asset Management N.V. now owns 892,242 shares of the utilities provider’s stock valued at $60,231,000 after acquiring an additional 34,000 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 9,649 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of Dominion Energy by 7.2% in the fourth quarter. Norinchukin Bank The now owns 54,052 shares of the utilities provider’s stock valued at $4,381,000 after acquiring an additional 3,624 shares during the last quarter. 67.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:D opened at $64.17 on Friday. Dominion Energy Inc has a 12-month low of $62.31 and a 12-month high of $85.30. The company has a market cap of $41.87 billion, a PE ratio of 17.07, a PEG ratio of 2.58 and a beta of 0.27. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.46 and a quick ratio of 0.31.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11. Dominion Energy had a return on equity of 12.88% and a net margin of 23.74%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. sell-side analysts predict that Dominion Energy Inc will post 4.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, May 31st. Dominion Energy’s dividend payout ratio is presently 92.78%.
In other Dominion Energy news, insider Thomas F. Farrell II purchased 4,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The stock was bought at an average cost of $63.44 per share, for a total transaction of $253,760.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph M. Rigby purchased 2,679 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. Insiders own 0.37% of the company’s stock.
A number of research firms recently commented on D. Bank of America cut Dominion Energy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $69.15 to $79.00 in a report on Tuesday, March 20th. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, January 30th. JPMorgan Chase & Co. reduced their price target on Dominion Energy from $68.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, UBS cut Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 price target for the company. in a report on Friday, March 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average target price of $75.67.
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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