Dominion Energy Inc. (D) Holdings Raised by Motco
Motco raised its position in Dominion Energy Inc. (NYSE:D) by 550.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,486 shares of the utilities provider’s stock after purchasing an additional 37,643 shares during the period. Motco’s holdings in Dominion Energy were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. WINTON GROUP Ltd purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $1,115,000. Verition Fund Management LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $995,000. Shell Asset Management Co. grew its position in shares of Dominion Energy by 64.7% in the 3rd quarter. Shell Asset Management Co. now owns 343,550 shares of the utilities provider’s stock valued at $23,736,000 after buying an additional 134,951 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Dominion Energy by 27.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock valued at $595,000 after buying an additional 1,674 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $528,000. 64.27% of the stock is currently owned by institutional investors.
In other news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by company insiders.
D has been the topic of a number of recent analyst reports. J P Morgan Chase & Co increased their target price on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America Corporation assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price objective on the stock. Fifteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $80.70.
Dominion Energy Inc. (NYSE:D) traded down $0.19 during mid-day trading on Thursday, hitting $82.04. 499,506 shares of the stock traded hands, compared to its average volume of 2,343,753. Dominion Energy Inc. has a one year low of $70.54 and a one year high of $83.64. The firm has a market cap of $52,810.00, a PE ratio of 22.57, a PEG ratio of 4.01 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.
Dominion Energy (NYSE:D) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the business earned $1.14 EPS. The business’s revenue was up 1.5% on a year-over-year basis. equities research analysts forecast that Dominion Energy Inc. will post 3.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is 89.09%.
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Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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