Beck Mack & Oliver LLC Sells 772 Shares of Dominion Energy Inc (D)

Beck Mack & Oliver LLC trimmed its position in Dominion Energy Inc (NYSE:D) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,031 shares of the utilities provider’s stock after selling 772 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Dominion Energy were worth $1,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Valeo Financial Advisors LLC raised its stake in Dominion Energy by 6.5% during the first quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 136 shares in the last quarter. Dividend Assets Capital LLC raised its stake in Dominion Energy by 2.4% during the first quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares in the last quarter. Versant Capital Management Inc raised its stake in Dominion Energy by 12.8% during the first quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 140 shares in the last quarter. Smithfield Trust Co. raised its stake in Dominion Energy by 1.1% during the first quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock worth $981,000 after acquiring an additional 140 shares in the last quarter. Finally, Delta Asset Management LLC TN raised its stake in Dominion Energy by 1.3% during the first quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock worth $826,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 59.17% of the company’s stock.

Several research analysts have issued reports on D shares. TheStreet lowered Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Credit Suisse Group began coverage on Dominion Energy in a report on Friday, April 12th. They set a “neutral” rating and a $78.00 target price on the stock. Mizuho began coverage on Dominion Energy in a report on Monday, March 11th. They set a “neutral” rating and a $76.00 target price on the stock. Finally, Wolfe Research set a $79.00 target price on Dominion Energy and gave the stock a “hold” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.00.

In other news, Director D Maybank Hagood purchased 1,965 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the acquisition, the director now directly owns 2,975 shares in the company, valued at $227,111.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $76.01, for a total value of $92,352.15. Following the completion of the transaction, the director now owns 23,598 shares in the company, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Shares of D stock opened at $74.56 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $58.82 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 3.59 and a beta of 0.23. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.91.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.02). The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. Dominion Energy’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, equities analysts predict that Dominion Energy Inc will post 4.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.92%. The ex-dividend date is Thursday, June 6th. Dominion Energy’s dividend payout ratio is 90.62%.

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Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. 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.

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

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