Harbour Capital Advisors LLC Has $552,000 Stake in Dominion Energy, Inc. (D)
Harbour Capital Advisors LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 89.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,180 shares of the utilities provider’s stock after selling 63,243 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Dominion Energy were worth $552,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Tradewinds Capital Management LLC grew its holdings in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 12 shares during the period. MPS Loria Financial Planners LLC acquired a new position in Dominion Energy during the second quarter valued at approximately $103,000. Tortoise Capital Advisors L.L.C. grew its holdings in Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares during the period. Pacad Investment Ltd. acquired a new position in Dominion Energy during the second quarter valued at approximately $107,000. Finally, Enterprise Financial Services Corp grew its holdings in Dominion Energy by 5.8% during the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 80 shares during the period. Institutional investors own 64.39% of the company’s stock.
In related news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is owned by insiders.
Shares of Dominion Energy, Inc. (NYSE D) traded down $0.17 on Tuesday, reaching $81.15. 1,486,400 shares of the company were exchanged, compared to its average volume of 2,332,364. Dominion Energy, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $83.64. The firm has a market capitalization of $52,330.00, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 4.05 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 21.89% and a return on equity of 17.07%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. analysts predict that Dominion Energy, Inc. will post 3.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a $0.77 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s payout ratio is currently 89.09%.
A number of brokerages have weighed in on D. J P Morgan Chase & Co lifted their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research note 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 price target on the stock in a research note on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, Bank of America Corporation began coverage on shares of Dominion Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price target on the stock. Fifteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy presently has a consensus rating of “Hold” and an average price target of $80.70.
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About Dominion Energy
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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