Dominion Energy Inc (D) Stake Decreased by HM Payson & Co.
HM Payson & Co. decreased its position in shares of Dominion Energy Inc (NYSE:D) by 2.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 56,731 shares of the utilities provider’s stock after selling 1,145 shares during the period. HM Payson & Co.’s holdings in Dominion Energy were worth $3,825,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Dominion Energy by 38.2% during the first quarter. Franklin Resources Inc. now owns 26,755,830 shares of the utilities provider’s stock valued at $1,804,145,000 after purchasing an additional 7,397,191 shares during the last quarter. BlackRock Inc. grew its stake in shares of Dominion Energy by 4.4% during the fourth quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock valued at $3,650,316,000 after purchasing an additional 1,902,352 shares during the last quarter. Millennium Management LLC grew its stake in shares of Dominion Energy by 97.0% during the fourth quarter. Millennium Management LLC now owns 1,446,750 shares of the utilities provider’s stock valued at $117,274,000 after purchasing an additional 712,261 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Dominion Energy by 22.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 2,744,991 shares of the utilities provider’s stock valued at $222,509,000 after purchasing an additional 496,009 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Dominion Energy by 48.1% during the first quarter. Russell Investments Group Ltd. now owns 1,335,348 shares of the utilities provider’s stock valued at $90,006,000 after purchasing an additional 433,668 shares during the last quarter. 67.39% of the stock is owned by institutional investors.
In other news, insider Thomas F. Farrell II bought 4,000 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were bought at an average cost of $63.44 per share, for a total transaction of $253,760.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.
Dominion Energy (NYSE:D) last posted its earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.11. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.48 billion. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. equities analysts anticipate that Dominion Energy Inc will post 4.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be issued a $0.835 dividend. The ex-dividend date is Thursday, May 31st. This represents a $3.34 annualized dividend and a yield of 5.41%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.
D has been the topic of a number of recent research reports. ValuEngine cut shares of Dominion Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Hilliard Lyons set a $76.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a research note on Thursday, March 29th. JPMorgan Chase & Co. cut shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Friday, March 16th. Bank of America reduced their price objective on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, UBS Group reduced their price objective on shares of Dominion Energy from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 28th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average target price of $75.67.
Dominion Energy Company Profile
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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