Victory Capital Management Inc. raised its holdings in Dominion Energy Inc. (NYSE:D) by 23.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,519 shares of the utilities provider’s stock after purchasing an additional 29,846 shares during the period. Victory Capital Management Inc.’s holdings in Dominion Energy were worth $11,887,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Tradewinds Capital Management LLC boosted its stake in shares of Dominion Energy by 0.9% in the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $103,000. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 1,076 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $107,000. Finally, Enterprise Financial Services Corp boosted its stake in shares of Dominion Energy by 5.8% in the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 80 shares during the last quarter. 64.27% of the stock is currently owned by institutional investors.
In related news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.
A number of equities analysts recently commented on D shares. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. National Bank Financial downgraded Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research report on Wednesday, October 4th. Deutsche Bank AG lifted their price objective on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, August 21st. Fifteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $80.70.
Shares of Dominion Energy Inc. (NYSE:D) opened at $81.85 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $52,003.64, a price-to-earnings ratio of 22.02, a P/E/G ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $82.13.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. research analysts forecast that Dominion Energy Inc. will post 3.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.76%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is presently 89.09%.
Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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