Archford Capital Strategies LLC Acquires 839 Shares of Dominion Energy Inc. (D)
Archford Capital Strategies LLC raised its holdings in Dominion Energy Inc. (NYSE:D) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,337 shares of the utilities provider’s stock after purchasing an additional 839 shares during the period. Archford Capital Strategies LLC’s holdings in Dominion Energy were worth $1,488,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in D. WINTON GROUP Ltd purchased a new position in shares of Dominion Energy during the second quarter valued at approximately $1,115,000. Verition Fund Management LLC purchased a new position in shares of Dominion Energy during the second quarter valued at approximately $995,000. Shell Asset Management Co. lifted its stake in shares of Dominion Energy by 64.7% during the third 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 period. Westwood Holdings Group Inc. lifted its stake in shares of Dominion Energy by 27.5% during the second 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 period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Dominion Energy during the second quarter valued at approximately $528,000. 64.67% of the stock is currently owned by institutional investors.
In other news, Director John W. Harris sold 5,616 shares of the 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 of the company’s stock, valued at $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on D shares. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, October 3rd. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Morgan Stanley increased their price target on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Thirteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.50.
Dominion Energy Inc. (NYSE D) opened at $84.11 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The firm has a market cap of $53,673.60, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 4.10 and a beta of 0.29. Dominion Energy Inc. has a one year low of $70.87 and a one year high of $84.83.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. Dominion Energy’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. equities analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.66%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is presently 90.86%.
Dominion Energy Company 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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