Maple Brown Abbott Ltd Grows Stake in Dominion Energy, Inc. (NYSE:D)

Maple Brown Abbott Ltd raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,336,060 shares of the utilities provider’s stock after buying an additional 160,410 shares during the quarter. Dominion Energy comprises approximately 6.5% of Maple Brown Abbott Ltd’s portfolio, making the stock its 10th biggest position. Maple Brown Abbott Ltd’s holdings in Dominion Energy were worth $62,795,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Dominion Energy by 1.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 128 shares during the period. Golden State Equity Partners grew its stake in Dominion Energy by 1.7% during the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 129 shares in the last quarter. Covestor Ltd lifted its stake in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Dominion Energy by 0.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock valued at $3,440,000 after purchasing an additional 132 shares during the last quarter. Finally, Ergoteles LLC grew its position in shares of Dominion Energy by 3.2% during the first quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 2.9 %

Dominion Energy stock traded up $1.36 during midday trading on Wednesday, reaching $48.22. The stock had a trading volume of 1,790,838 shares, compared to its average volume of 5,442,957. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.64. The company has a fifty day moving average of $47.34 and a 200 day moving average of $45.97. The firm has a market cap of $40.39 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. On average, analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.54%. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on D. Wells Fargo & Company boosted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Mizuho cut their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. Barclays dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Finally, StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $50.10.

Insiders Place Their Bets

In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.