Dominion Energy, Inc. (NYSE:D) Shares Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,462 shares of the utilities provider’s stock after acquiring an additional 3,585 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Dominion Energy were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of Dominion Energy during the third quarter valued at approximately $397,000. Capital Investment Advisors LLC boosted its stake in Dominion Energy by 1.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 71,638 shares of the utilities provider’s stock valued at $3,200,000 after purchasing an additional 881 shares in the last quarter. Impact Partnership Wealth LLC increased its position in shares of Dominion Energy by 13,720.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,764 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 2,744 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Dominion Energy by 8.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 340,799 shares of the utilities provider’s stock worth $15,221,000 after buying an additional 25,190 shares in the last quarter. Finally, Park Place Capital Corp lifted its holdings in shares of Dominion Energy by 12.5% in the third quarter. Park Place Capital Corp now owns 16,624 shares of the utilities provider’s stock valued at $743,000 after buying an additional 1,841 shares during the period. Institutional investors own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on D shares. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a report on Monday, March 11th. Guggenheim lowered their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, Mizuho cut their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

Dominion Energy Price Performance

Shares of NYSE:D opened at $50.63 on Tuesday. The company’s fifty day moving average is $47.71 and its two-hundred day moving average is $46.18. The company has a market cap of $42.41 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.90. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts expect that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.