Colony Group LLC boosted its stake in shares of Dominion Energy Inc (NYSE:D) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,468 shares of the utilities provider’s stock after acquiring an additional 814 shares during the quarter. Colony Group LLC’s holdings in Dominion Energy were worth $5,954,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Benjamin Edwards Inc. purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $26,000. Manchester Financial Inc. purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $27,000. NuWave Investment Management LLC increased its stake in Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 319 shares in the last quarter. Atwater Malick LLC purchased a new position in Dominion Energy in the 3rd quarter valued at approximately $28,000. Finally, Personal Wealth Partners purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $36,000. 65.35% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the company. UBS Group raised their price objective on Dominion Energy from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley raised their price objective on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $83.00.
Dominion Energy stock opened at $83.08 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.37 and a current ratio of 0.51. The stock has a fifty day moving average of $82.01 and a two-hundred day moving average of $78.37. The company has a market capitalization of $68.51 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 4.17 and a beta of 0.22. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $83.93.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. Dominion Energy’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. On average, analysts forecast that Dominion Energy Inc will post 4.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a yield of 4.42%. Dominion Energy’s payout ratio is 90.62%.
In other news, CEO Diane Leopold sold 11,500 shares of Dominion Energy stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total value of $948,520.00. Following the completion of the sale, the chief executive officer now owns 60,564 shares of the company’s stock, valued at $4,995,318.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael E. Szymanczyk acquired 21,400 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the transaction, the director now owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.
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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