Sowell Financial Services LLC bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,080 shares of the utilities provider’s stock, valued at approximately $409,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after purchasing an additional 44,293,566 shares during the period. Janus Henderson Group PLC boosted its position in shares of Dominion Energy by 1,955.1% in the second quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock worth $128,159,000 after purchasing an additional 1,591,057 shares during the period. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after purchasing an additional 1,435,767 shares during the period. Wells Fargo & Company MN boosted its position in shares of Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after purchasing an additional 1,209,768 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in shares of Dominion Energy by 31.7% in the second quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock worth $322,696,000 after purchasing an additional 1,014,670 shares during the period. Institutional investors own 64.27% of the company’s stock.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) traded down $0.64 during trading on Friday, reaching $81.32. 1,703,379 shares of the company’s stock traded hands, compared to its average volume of 2,336,157. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. Dominion Energy Inc. has a one year low of $70.54 and a one year high of $83.64. The company has a market cap of $52,740.00, a PE ratio of 22.57, a price-to-earnings-growth ratio of 4.01 and a beta of 0.29.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS. research analysts predict that Dominion Energy Inc. will post 3.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.79%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is presently 89.09%.
Several research firms have recently commented on D. Gabelli reissued a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Bank of America Corporation began coverage on shares of Dominion Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 target price on the stock. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. The Goldman Sachs Group, Inc. reissued a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Finally, Citigroup Inc. boosted their target price on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Fifteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $80.70.
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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