Cambridge Trust Co. lowered its position in shares of Dominion Energy Inc (NYSE:D) by 12.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,047 shares of the utilities provider’s stock after selling 1,569 shares during the quarter. Cambridge Trust Co.’s holdings in Dominion Energy were worth $790,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in D. Vanguard Group Inc raised its holdings in Dominion Energy by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after purchasing an additional 825,191 shares in the last quarter. BlackRock Inc. raised its holdings in Dominion Energy by 0.8% in the 3rd quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock worth $3,245,357,000 after purchasing an additional 345,036 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Dominion Energy by 29.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock worth $431,998,000 after purchasing an additional 1,413,097 shares in the last quarter. Deutsche Bank AG raised its holdings in Dominion Energy by 10.7% in the 3rd quarter. Deutsche Bank AG now owns 5,298,868 shares of the utilities provider’s stock worth $372,399,000 after purchasing an additional 511,844 shares in the last quarter. Finally, FMR LLC raised its holdings in Dominion Energy by 8.2% in the 3rd quarter. FMR LLC now owns 4,189,492 shares of the utilities provider’s stock worth $294,438,000 after purchasing an additional 319,075 shares in the last quarter. 67.13% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at approximately $3,471,156.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James R. Chapman acquired 4,053 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The shares were purchased at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the transaction, the chief financial officer now directly owns 22,256 shares in the company, valued at approximately $1,647,389.12. The disclosure for this purchase can be found here. 0.34% of the stock is owned by company insiders.
Several research analysts have commented on D shares. Bank of America lowered shares of Dominion Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $72.00 to $69.00 in a report on Friday, January 11th. Zacks Investment Research restated a “sell” rating on shares of Dominion Energy in a report on Monday, December 31st. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $75.00 to $84.00 in a report on Thursday, November 29th. Finally, Wells Fargo & Co upped their price objective on shares of Dominion Energy from $73.00 to $80.00 and gave the stock a “market perform” rating in a report on Monday, December 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.55.
Shares of Dominion Energy stock opened at $73.05 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. The stock has a market capitalization of $47.71 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.21. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $77.19.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.13 billion. Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities research analysts expect that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be paid a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 5.02%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.
Dominion Energy Company 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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