UNIVEST FINANCIAL Corp lifted its position in Dominion Energy Inc (NYSE:D) by 12.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,031 shares of the utilities provider’s stock after acquiring an additional 546 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Dominion Energy were worth $360,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of D. Andra AP fonden raised its holdings in shares of Dominion Energy by 68.7% during the 2nd quarter. Andra AP fonden now owns 39,300 shares of the utilities provider’s stock valued at $2,679,000 after purchasing an additional 16,000 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of Dominion Energy by 16.8% during the 2nd quarter. WINTON GROUP Ltd now owns 8,644 shares of the utilities provider’s stock valued at $589,000 after purchasing an additional 1,241 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Dominion Energy by 654.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 77,824 shares of the utilities provider’s stock valued at $5,306,000 after purchasing an additional 67,507 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Dominion Energy by 464.9% during the 2nd quarter. Schroder Investment Management Group now owns 217,879 shares of the utilities provider’s stock valued at $14,918,000 after purchasing an additional 179,310 shares in the last quarter. Finally, Centre Asset Management LLC bought a new position in shares of Dominion Energy during the 3rd quarter valued at $248,000. Institutional investors and hedge funds own 67.05% of the company’s stock.
A number of research analysts recently issued reports on D shares. ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $75.00 to $84.00 in a research note on Thursday, November 29th. Barclays set a $79.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research note on Saturday, November 17th. JPMorgan Chase & Co. lowered their target price on shares of Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.55.
In related news, CFO James R. Chapman purchased 4,053 shares of the firm’s stock in a transaction on Wednesday, December 19th. The shares were bought at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the transaction, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.
NYSE D opened at $69.16 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $45.40 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.56 and a beta of 0.21. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $77.19.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Research analysts forecast that Dominion Energy Inc will post 4.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be given a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 5.31%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio (DPR) is currently 92.78%.
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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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