MetLife Investment Advisors LLC bought a new position in Dominion Energy Inc (NYSE:D) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 199,113 shares of the utilities provider’s stock, valued at approximately $16,140,000.
Several other institutional investors have also bought and sold shares of D. BlackRock Inc. increased its holdings in shares of Dominion Energy by 4.4% in the 4th quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock worth $3,650,316,000 after purchasing an additional 1,902,352 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Dominion Energy by 97.0% in the fourth quarter. Millennium Management LLC now owns 1,446,750 shares of the utilities provider’s stock worth $117,274,000 after acquiring an additional 712,261 shares during the period. Epoch Investment Partners Inc. grew its holdings in shares of Dominion Energy by 24.1% in the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after acquiring an additional 684,637 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Dominion Energy by 22.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,744,991 shares of the utilities provider’s stock worth $222,509,000 after acquiring an additional 496,009 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Dominion Energy by 29.4% in the third quarter. Janus Henderson Group PLC now owns 2,164,104 shares of the utilities provider’s stock worth $166,481,000 after acquiring an additional 491,667 shares during the period. 65.28% of the stock is owned by institutional investors and hedge funds.
In other Dominion Energy news, Director Joseph M. Rigby acquired 2,679 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $74.65 per share, for a total transaction of $199,987.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the transaction, the director now owns 13,282 shares in the company, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
D has been the subject of several research analyst reports. Bank of America cut their price objective on Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. UBS initiated coverage on Dominion Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price objective for the company. Hilliard Lyons raised Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, January 30th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, January 17th. Finally, Morgan Stanley lifted their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $80.73.
Dominion Energy Inc (NYSE D) opened at $69.15 on Tuesday. The firm has a market capitalization of $46,004.16, a price-to-earnings ratio of 14.08, a P/E/G ratio of 2.47 and a beta of 0.23. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.60. Dominion Energy Inc has a 52-week low of $68.65 and a 52-week high of $85.30.
Dominion Energy (NYSE:D) last released its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. Dominion Energy’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. equities analysts anticipate that Dominion Energy Inc will post 4.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be given a dividend of $0.835 per share. The ex-dividend date is Thursday, March 1st. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a yield of 4.83%. Dominion Energy’s payout ratio is 68.02%.
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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