LVW Advisors LLC bought a new position in shares of Dominion Energy Inc (NYSE:D) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,623 shares of the utilities provider’s stock, valued at approximately $278,000.
Other large investors have also bought and sold shares of the company. Massey Quick Simon & CO. LLC bought a new stake in shares of Dominion Energy during the first quarter worth about $27,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth about $26,000. Altshuler Shaham Ltd bought a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Athena Capital Advisors LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth about $28,000. Finally, Rocky Mountain Advisers LLC purchased a new position in Dominion Energy during the first quarter worth about $31,000. 59.38% of the stock is owned by institutional investors.
Several research analysts recently weighed in on D shares. Argus restated a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, April 8th. TheStreet cut shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, May 3rd. Wolfe Research set a $79.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a report on Monday, March 18th. Finally, Credit Suisse Group set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.00.
D opened at $74.59 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61. The stock has a market capitalization of $60.66 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.70 and a beta of 0.23. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $77.91.
Dominion Energy (NYSE:D) last released its earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, research analysts anticipate that Dominion Energy Inc will post 4.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s payout ratio is 90.62%.
In other Dominion Energy news, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were 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 $1,793,683.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director D Maybank Hagood purchased 1,965 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the purchase, 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. 0.26% of the stock is owned by 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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