Amalgamated Bank Acquires 1,264 Shares of Dominion Energy Inc. $D

Amalgamated Bank lifted its holdings in Dominion Energy Inc. (NYSE:D) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,039 shares of the utilities provider’s stock after buying an additional 1,264 shares during the period. Amalgamated Bank’s holdings in Dominion Energy were worth $9,441,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. SPC Financial Inc. increased its holdings in shares of Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after buying an additional 172 shares during the last quarter. Maridea Wealth Management LLC increased its holdings in shares of Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock worth $505,000 after buying an additional 183 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Dominion Energy by 2.4% in the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock worth $441,000 after buying an additional 184 shares during the last quarter. Private Client Services LLC increased its holdings in shares of Dominion Energy by 3.1% in the 2nd quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after buying an additional 188 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Dominion Energy by 11.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock worth $102,000 after buying an additional 189 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue acquired 4,152 shares of the stock in a transaction on Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on D. Barclays boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Morgan Stanley lifted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research note on Tuesday. Finally, BTIG Research began coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.78.

Dominion Energy Price Performance

Dominion Energy stock opened at $59.49 on Friday. The stock has a market cap of $50.77 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The firm has a 50-day moving average of $60.29 and a two-hundred day moving average of $57.93.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. On average, research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s payout ratio is 92.07%.

Dominion Energy Company Profile

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.