Investors Sell Shares of Dominion Energy (D) on Strength (D)
Investors sold shares of Dominion Energy Inc (NYSE:D) on strength during trading hours on Friday. $25.43 million flowed into the stock on the tick-up and $77.04 million flowed out of the stock on the tick-down, for a money net flow of $51.61 million out of the stock. Of all stocks tracked, Dominion Energy had the 10th highest net out-flow for the day. Dominion Energy traded up $0.17 for the day and closed at $64.17
A number of analysts have issued reports on D shares. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 target price for the company. in a research note on Friday, March 16th. Bank of America downgraded Dominion Energy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $69.15 to $79.00 in a research note on Tuesday, March 20th. UBS cut their target price on Dominion Energy from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, March 28th. Finally, Hilliard Lyons set a $76.00 target price on Dominion Energy and gave the stock a “buy” rating in a research note on Thursday, March 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Dominion Energy currently has an average rating of “Hold” and an average target price of $75.67.
The company has a debt-to-equity ratio of 1.55, a current ratio of 0.46 and a quick ratio of 0.31. The stock has a market capitalization of $41.70 billion, a PE ratio of 17.83, a PEG ratio of 2.57 and a beta of 0.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Friday, June 1st will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Thursday, May 31st. Dominion Energy’s payout ratio is 92.78%.
In other Dominion Energy news, insider Thomas F. Farrell II acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was purchased at an average cost of $63.44 per share, with a total value of $253,760.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby bought 2,679 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Dominion Energy by 1.3% in the 1st quarter. BlackRock Inc. now owns 45,597,839 shares of the utilities provider’s stock valued at $3,074,661,000 after acquiring an additional 565,592 shares in the last quarter. Franklin Resources Inc. grew its position in Dominion Energy by 38.2% in the 1st quarter. Franklin Resources Inc. now owns 26,755,830 shares of the utilities provider’s stock valued at $1,804,145,000 after acquiring an additional 7,397,191 shares in the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 6,419,395 shares of the utilities provider’s stock valued at $519,194,000 after acquiring an additional 237,339 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dominion Energy by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,976,622 shares of the utilities provider’s stock valued at $403,404,000 after buying an additional 90,236 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Dominion Energy by 1.1% in the 1st quarter. Legal & General Group Plc now owns 4,516,946 shares of the utilities provider’s stock valued at $304,590,000 after buying an additional 50,145 shares during the period. 67.30% of the stock is owned by institutional investors.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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