We Are One Seven LLC bought a new stake in Dominion Energy Inc (NYSE:D) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,257 shares of the utilities provider’s stock, valued at approximately $89,000.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc increased its position in shares of Dominion Energy by 1.7% during the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after acquiring an additional 825,191 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Dominion Energy by 0.8% in the 3rd quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock valued at $3,245,357,000 after buying an additional 345,036 shares during the period. Bank of New York Mellon Corp increased its holdings in Dominion Energy by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after buying an additional 1,413,097 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Dominion Energy by 10.7% in the third quarter. Deutsche Bank AG now owns 5,298,868 shares of the utilities provider’s stock worth $372,399,000 after acquiring an additional 511,844 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Dominion Energy by 8.2% during the third 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. Institutional investors and hedge funds own 67.97% of the company’s stock.
A number of research analysts have recently commented on the company. Macquarie set a $78.00 target price on Dominion Energy and gave the company a “buy” rating in a research report on Monday, January 14th. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $75.00 to $84.00 in a report on Thursday, November 29th. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. Finally, JPMorgan Chase & Co. reduced their target price on Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. One equities 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. Dominion Energy has a consensus rating of “Hold” and an average price target of $85.55.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Dominion Energy Inc will post 4.2 EPS for the current year.
The business also recently announced 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 5.01%. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.
In other Dominion Energy news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the sale, the chief executive officer now owns 48,677 shares of the company’s stock, valued at approximately $3,471,156.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James R. Chapman acquired 4,053 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were bought at an average price of $74.02 per share, with a total value of $300,003.06. Following 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. Company insiders own 0.34% of the company’s stock.
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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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