Advisors Capital Management LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,788 shares of the utilities provider’s stock, valued at approximately $284,000.
Other institutional investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. boosted its position in shares of Dominion Energy by 130.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,262,794 shares of the utilities provider’s stock worth $170,162,000 after purchasing an additional 1,279,740 shares during the last quarter. Morgan Stanley boosted its holdings in Dominion Energy by 35.1% during the third quarter. Morgan Stanley now owns 4,394,209 shares of the utilities provider’s stock worth $346,834,000 after buying an additional 1,142,688 shares during the last quarter. Alleghany Corp DE boosted its holdings in Dominion Energy by 370.9% during the fourth quarter. Alleghany Corp DE now owns 1,322,703 shares of the utilities provider’s stock worth $99,468,000 after buying an additional 1,041,806 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Dominion Energy by 214.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,423,236 shares of the utilities provider’s stock worth $107,027,000 after buying an additional 970,800 shares during the period. Finally, Energy Income Partners LLC increased its stake in shares of Dominion Energy by 195.5% in the 3rd quarter. Energy Income Partners LLC now owns 800,724 shares of the utilities provider’s stock valued at $63,201,000 after acquiring an additional 529,740 shares during the last quarter. Institutional investors own 67.06% of the company’s stock.
In related news, Director Mark J. Kington purchased 2,000 shares of the stock in a transaction on Thursday, March 4th. The shares were purchased at an average price of $69.29 per share, with a total value of $138,580.00. Corporate insiders own 0.26% of the company’s stock.
Several equities research analysts have commented on the stock. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and lowered their target price for the company from $88.00 to $83.00 in a research note on Wednesday, December 16th. Credit Suisse Group lowered their price objective on shares of Dominion Energy from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, February 10th. Bank of America upgraded Dominion Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $88.00 to $83.00 in a report on Wednesday, December 16th. Wells Fargo & Company upgraded Dominion Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $83.00 in a report on Tuesday, January 26th. Finally, TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a report on Tuesday, December 22nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Buy” and an average target price of $83.29.
NYSE:D opened at $75.78 on Friday. The company has a market cap of $61.05 billion, a P/E ratio of -3,789.00, a price-to-earnings-growth ratio of 3.74 and a beta of 0.30. Dominion Energy, Inc. has a twelve month low of $67.84 and a twelve month high of $87.34. The business has a 50 day moving average price of $72.10 and a two-hundred day moving average price of $76.31. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.29.
Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 11th. The utilities provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, analysts anticipate that Dominion Energy, Inc. will post 3.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 20th. Investors of record on Friday, March 5th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, March 4th. Dominion Energy’s dividend payout ratio is currently 59.43%.
Dominion Energy Profile
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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