Financial Counselors Inc. Raises Holdings in Dominion Energy Inc (D)

Financial Counselors Inc. grew its holdings in shares of Dominion Energy Inc (NYSE:D) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 143,574 shares of the utilities provider’s stock after buying an additional 4,672 shares during the period. Financial Counselors Inc.’s holdings in Dominion Energy were worth $11,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Lord Abbett & CO. LLC boosted its position in shares of Dominion Energy by 1.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,120,300 shares of the utilities provider’s stock valued at $85,849,000 after acquiring an additional 19,500 shares during the period. Aldebaran Financial Inc. boosted its position in shares of Dominion Energy by 39.3% in the second quarter. Aldebaran Financial Inc. now owns 23,199 shares of the utilities provider’s stock valued at $1,778,000 after acquiring an additional 6,541 shares during the period. Griffin Asset Management Inc. bought a new position in shares of Dominion Energy in the second quarter valued at approximately $5,766,000. Intl Fcstone Inc. bought a new position in shares of Dominion Energy in the second quarter valued at approximately $1,110,000. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter valued at approximately $103,000. Hedge funds and other institutional investors own 65.34% of the company’s stock.

A number of research firms have recently commented on D. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Gabelli restated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Bank of America set a $87.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Morgan Stanley raised their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, UBS Group started coverage on shares of Dominion Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $85.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $82.09.

In other Dominion Energy news, Director John W. Harris sold 11,254 shares of Dominion Energy 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 directly owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Harris sold 2,665 shares of Dominion Energy stock in a transaction that occurred on Tuesday, November 6th. The stock was 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 $1,070,529.20. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

Shares of Dominion Energy Inc (D) opened at $75.52 on Friday. The firm has a market cap of $48,678.00, a P/E ratio of 15.38, a P/E/G ratio of 2.64 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 Inc has a one year low of $72.80 and a one year high of $85.30.

Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. Dominion Energy’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. equities analysts anticipate 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 paid a dividend of $0.835 per share. 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. This represents a $3.34 annualized dividend and a dividend yield of 4.42%. Dominion Energy’s dividend payout ratio (DPR) is 62.73%.

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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.

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

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