Dominion Energy Inc (D) Stake Lifted by Synovus Financial Corp

Synovus Financial Corp lifted its position in shares of Dominion Energy Inc (NYSE:D) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,554 shares of the utilities provider’s stock after acquiring an additional 3,372 shares during the quarter. Synovus Financial Corp’s holdings in Dominion Energy were worth $6,999,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of D. BlackRock Inc. boosted its holdings in Dominion Energy by 4.4% during the fourth quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock worth $3,650,316,000 after buying an additional 1,902,352 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Dominion Energy by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,976,622 shares of the utilities provider’s stock worth $403,404,000 after buying an additional 90,236 shares in the last quarter. Legal & General Group Plc boosted its holdings in Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in Dominion Energy by 0.9% during the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after buying an additional 36,643 shares in the last quarter. Institutional investors and hedge funds own 65.34% of the company’s stock.

Shares of Dominion Energy Inc (NYSE D) opened at $75.56 on Tuesday. Dominion Energy Inc has a fifty-two week low of $72.80 and a fifty-two week high of $85.30. The stock has a market cap of $48,780.00, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.65 and a beta of 0.20. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities research analysts expect that Dominion Energy Inc will post 4.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio is 91.12%.

A number of analysts recently commented on the stock. Bank of America decreased their price objective on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Morgan Stanley boosted their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. UBS Group assumed coverage on shares of Dominion Energy in a report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Gabelli reissued a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $82.09.

In related news, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the transaction, the director now owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the transaction, the director now directly owns 13,282 shares in the company, valued at approximately $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

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About Dominion Energy

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.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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