Hayek Kallen Investment Management Raises Position in Dominion Energy Inc (D)

Hayek Kallen Investment Management increased its stake in shares of Dominion Energy Inc (NYSE:D) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,273 shares of the utilities provider’s stock after purchasing an additional 1,987 shares during the period. Dominion Energy accounts for about 1.6% of Hayek Kallen Investment Management’s holdings, making the stock its 29th biggest position. Hayek Kallen Investment Management’s holdings in Dominion Energy were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Capital Management Holdings LLC. boosted its position in Dominion Energy by 8.3% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 138,939 shares of the utilities provider’s stock worth $11,262,000 after purchasing an additional 10,700 shares during the period. BB&T Investment Services Inc. boosted its position in Dominion Energy by 15.5% during the 4th quarter. BB&T Investment Services Inc. now owns 18,083 shares of the utilities provider’s stock worth $1,464,000 after purchasing an additional 2,432 shares during the period. APG Asset Management N.V. boosted its position in Dominion Energy by 4.0% during the 4th quarter. APG Asset Management N.V. now owns 892,242 shares of the utilities provider’s stock worth $60,231,000 after purchasing an additional 34,000 shares during the period. Tower Research Capital LLC TRC boosted its position in Dominion Energy by 1,400.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,338 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 9,649 shares during the period. Finally, Norinchukin Bank The boosted its position in Dominion Energy by 7.2% in the 4th quarter. Norinchukin Bank The now owns 54,052 shares of the utilities provider’s stock valued at $4,381,000 after buying an additional 3,624 shares during the last quarter. Institutional investors own 67.30% of the company’s stock.

In related news, Director Joseph M. Rigby purchased 2,679 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $74.65 per share, for a total transaction of $199,987.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas F. Farrell II purchased 4,000 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was bought at an average price of $63.44 per share, for a total transaction of $253,760.00. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.



A number of brokerages have recently issued reports on D. UBS began 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. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, January 30th. Bank of America cut their target price on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lowered shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 target price on the stock. in a research note on Friday, March 16th. Finally, ValuEngine lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $75.67.

Shares of NYSE:D opened at $63.91 on Thursday. Dominion Energy Inc has a 52 week low of $62.31 and a 52 week high of $85.30. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.46 and a quick ratio of 0.31. The company has a market capitalization of $41.65 billion, a P/E ratio of 17.75, a PEG ratio of 2.57 and a beta of 0.27.

Dominion Energy (NYSE:D) last released its earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. research analysts expect that Dominion Energy Inc will post 4.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Friday, June 1st will be paid a $0.835 dividend. The ex-dividend date is Thursday, May 31st. This represents a $3.34 dividend on an annualized basis and a yield of 5.23%. Dominion Energy’s payout ratio is presently 92.78%.

About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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

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