OLD Dominion Capital Management Inc. reduced its holdings in shares of Dominion Energy Inc (NYSE:D) by 0.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 111,838 shares of the utilities provider’s stock after selling 914 shares during the quarter. Dominion Energy makes up approximately 2.9% of OLD Dominion Capital Management Inc.’s holdings, making the stock its 6th largest holding. OLD Dominion Capital Management Inc.’s holdings in Dominion Energy were worth $8,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Comerica Bank increased its position in Dominion Energy by 28.8% during the 1st quarter. Comerica Bank now owns 237,292 shares of the utilities provider’s stock valued at $17,994,000 after buying an additional 53,038 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in Dominion Energy during the 4th quarter valued at about $1,529,000. Spectrum Management Group Inc. acquired a new position in Dominion Energy during the 1st quarter valued at about $40,000. Motco increased its position in Dominion Energy by 0.9% during the 4th quarter. Motco now owns 51,862 shares of the utilities provider’s stock valued at $3,706,000 after buying an additional 476 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp increased its position in Dominion Energy by 12.2% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 5,031 shares of the utilities provider’s stock valued at $360,000 after buying an additional 546 shares in the last quarter. 62.35% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on D. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a report on Thursday. Macquarie lowered Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, April 8th. Mizuho began coverage on Dominion Energy in a report on Monday, March 11th. They issued a “neutral” rating and a $76.00 price objective on the stock. Finally, Credit Suisse Group began coverage on Dominion Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.00.
Shares of D stock opened at $77.72 on Friday. Dominion Energy Inc has a fifty-two week low of $61.53 and a fifty-two week high of $78.14. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $62.36 billion, a PE ratio of 19.19, a PEG ratio of 3.76 and a beta of 0.23.
Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Dominion Energy Inc will post 4.18 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy’s payout ratio is 90.62%.
In other news, Director Robert H. Spilman, Jr. sold 1,215 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $76.01, for a total value of $92,352.15. Following the sale, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Maybank Hagood bought 1,965 shares of the stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the purchase, the director now directly owns 2,975 shares of the company’s stock, valued at $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is owned by corporate insiders.
Dominion Energy 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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