Morningstar Investment Services LLC Increases Stake in Dominion Energy Inc. (D)
Morningstar Investment Services LLC grew its holdings in Dominion Energy Inc. (NYSE:D) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 652,656 shares of the utilities provider’s stock after buying an additional 21,313 shares during the quarter. Morningstar Investment Services LLC owned approximately 0.10% of Dominion Energy worth $50,209,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Bollard Group LLC boosted its holdings in Dominion Energy by 0.8% during the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Tradewinds Capital Management LLC boosted 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 worth $101,000 after buying an additional 12 shares during the last quarter. Wsfs Capital Management LLC boosted its holdings in Dominion Energy by 0.4% during the second quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock worth $228,000 after buying an additional 12 shares during the last quarter. Farmers National Bank boosted its holdings in Dominion Energy by 0.3% during the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock worth $347,000 after buying an additional 16 shares during the last quarter. Finally, Omnia Family Wealth LLC boosted its holdings in Dominion Energy by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock worth $383,000 after buying an additional 16 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.
Dominion Energy Inc. (NYSE D) traded up $0.79 during trading hours on Thursday, hitting $82.16. The stock had a trading volume of 1,744,800 shares, compared to its average volume of 2,329,687. Dominion Energy Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $83.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. The company has a market cap of $53,390.00, a PE ratio of 22.17, a PEG ratio of 4.06 and a beta of 0.29.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the business posted $1.14 EPS. Dominion Energy’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts anticipate that Dominion Energy Inc. will post 3.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is currently 89.09%.
A number of equities analysts have issued reports on the company. National Bank Financial cut Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Deutsche Bank AG raised their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Finally, Gabelli reiterated a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Fourteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.70.
In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the sale, the director now owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is currently owned by company insiders.
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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