Murphy Middleton Hinkle & Parker Inc. bought a new stake in Dominion Energy Inc (NYSE:D) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,233 shares of the utilities provider’s stock, valued at approximately $248,000.
A number of other hedge funds also recently bought and sold shares of D. Nalls Sherbakoff Group LLC bought a new position in Dominion Energy during the 4th quarter valued at about $26,000. Altshuler Shaham Ltd purchased a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. Massey Quick Simon & CO. LLC purchased a new stake in Dominion Energy during the first quarter valued at approximately $27,000. Athena Capital Advisors LLC purchased a new stake in Dominion Energy during the fourth quarter valued at approximately $28,000. Finally, Heritage Trust Co lifted its position in Dominion Energy by 58.8% during the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 58.90% of the company’s stock.
NYSE D traded up $0.32 during mid-day trading on Wednesday, reaching $75.44. 906,204 shares of the stock were exchanged, compared to its average volume of 3,835,821. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $77.50. The company has a market capitalization of $60.05 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 3.11 and a beta of 0.22. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.49 and a current ratio of 0.67.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. On average, equities analysts expect that Dominion Energy Inc will post 4.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a yield of 4.86%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Thursday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
A number of brokerages have issued reports on D. Bank of America lowered shares of Dominion Energy from a “neutral” rating to an “underperform” rating and cut their price target for the company from $72.00 to $69.00 in a research note on Friday, January 11th. Zacks Investment Research restated a “sell” rating on shares of Dominion Energy in a research note on Monday, December 31st. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. lowered shares of Dominion Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $79.00 to $73.00 in a research note on Tuesday, January 22nd. Finally, Macquarie lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Dominion Energy currently has a consensus rating of “Hold” and an average target price of $85.08.
In other Dominion Energy news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the transaction, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the transaction, the director now directly owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
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About Dominion Energy
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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