Hayek Kallen Investment Management grew its stake in Dominion Energy Inc (NYSE:D) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,247 shares of the utilities provider’s stock after purchasing an additional 636 shares during the period. Dominion Energy comprises about 1.8% of Hayek Kallen Investment Management’s investment portfolio, making the stock its 24th biggest position. Hayek Kallen Investment Management’s holdings in Dominion Energy were worth $2,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of D. Benjamin Edwards Inc. bought a new position in Dominion Energy in the second quarter valued at approximately $26,000. Manchester Financial Inc. bought a new stake in shares of Dominion Energy in the second quarter worth $27,000. NuWave Investment Management LLC lifted its position in shares of Dominion Energy by 651.0% in the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 319 shares in the last quarter. Atwater Malick LLC bought a new stake in shares of Dominion Energy in the third quarter worth $28,000. Finally, Personal Wealth Partners bought a new stake in shares of Dominion Energy in the second quarter worth $36,000. Institutional investors own 65.28% of the company’s stock.
Shares of NYSE:D traded down $0.03 on Friday, hitting $80.28. The company had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. Dominion Energy Inc has a 1-year low of $67.41 and a 1-year high of $83.73. The stock has a market cap of $66.96 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 4.03 and a beta of 0.22. The stock has a 50 day moving average price of $81.53 and a 200 day moving average price of $77.81. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1.20.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the previous year, the company earned $1.15 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts anticipate that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s dividend payout ratio is currently 90.62%.
In other Dominion Energy news, Director Michael E. Szymanczyk purchased 21,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $78.85 per share, for a total transaction of $1,687,390.00. Following the completion of the purchase, the director now owns 19,541 shares of the company’s stock, valued at approximately $1,540,807.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey Michael Zeiler purchased 15,112 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $6.31 per share, for a total transaction of $95,356.72. 0.26% of the stock is owned by insiders.
A number of analysts have recently commented on the stock. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Co upped their price target on shares of Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley upped their price target on shares of Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.45.
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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