Allianz Asset Management GmbH lifted its stake in Dominion Energy Inc (NYSE:D) by 361.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,566 shares of the utilities provider’s stock after purchasing an additional 63,901 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dominion Energy were worth $5,500,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Lee Financial Co lifted its position in Dominion Energy by 1,549.0% in the 1st quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,518 shares in the last quarter. We Are One Seven LLC bought a new position in Dominion Energy in the 4th quarter valued at approximately $111,000. KHP Capital LLC bought a new position in Dominion Energy in the 1st quarter valued at approximately $137,000. Macroview Investment Management LLC bought a new position in Dominion Energy in the 1st quarter valued at approximately $144,000. Finally, Centaurus Financial Inc. bought a new position in Dominion Energy in the 1st quarter valued at approximately $147,000. 67.35% of the stock is currently owned by hedge funds and other institutional investors.
In other Dominion Energy news, insider Thomas F. Farrell II purchased 4,000 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was acquired at an average price of $63.44 per share, for a total transaction of $253,760.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.
NYSE:D opened at $66.94 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $43.35 billion, a PE ratio of 18.59, a P/E/G ratio of 2.68 and a beta of 0.28. Dominion Energy Inc has a one year low of $61.53 and a one year high of $85.30.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.11. Dominion Energy had a return on equity of 12.88% and a net margin of 23.74%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the business posted $0.97 EPS. Dominion Energy’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts expect that Dominion Energy Inc will post 4.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st were paid a $0.835 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $3.34 dividend on an annualized basis and a yield of 4.99%. Dominion Energy’s payout ratio is presently 92.78%.
Several research firms have recently weighed in on D. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Wells Fargo & Co lowered their price target on Dominion Energy to $68.00 and set a “market perform” rating on the stock in a report on Friday, April 13th. UBS Group lowered their price target on Dominion Energy from $77.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, March 28th. JPMorgan Chase & Co. cut Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price target on the stock. in a report on Friday, March 16th. Finally, ValuEngine cut Dominion Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average target price of $75.21.
Dominion Energy Profile
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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