Douglass Winthrop Advisors LLC Lowers Position in Dominion Energy Inc (D)
Douglass Winthrop Advisors LLC trimmed its position in Dominion Energy Inc (NYSE:D) by 55.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,600 shares of the utilities provider’s stock after selling 9,500 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Dominion Energy were worth $534,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Dominion Energy by 0.5% during the 2nd quarter. BlackRock Inc. now owns 45,832,494 shares of the utilities provider’s stock worth $3,124,856,000 after buying an additional 234,655 shares during the period. Commonwealth Bank of Australia grew its position in shares of Dominion Energy by 40.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 8,028,891 shares of the utilities provider’s stock worth $549,725,000 after buying an additional 2,316,005 shares during the period. Legal & General Group Plc grew its position in shares of Dominion Energy by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 4,551,354 shares of the utilities provider’s stock worth $310,311,000 after buying an additional 34,408 shares during the period. Swiss National Bank grew its position in shares of Dominion Energy by 3.4% during the 2nd quarter. Swiss National Bank now owns 2,839,137 shares of the utilities provider’s stock worth $193,572,000 after buying an additional 92,800 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Dominion Energy by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,445,609 shares of the utilities provider’s stock valued at $166,742,000 after purchasing an additional 97,642 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.
Shares of Dominion Energy stock opened at $71.37 on Friday. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $85.30. The company has a market cap of $45.95 billion, a PE ratio of 19.83, a P/E/G ratio of 2.82 and a beta of 0.23. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Friday, September 7th were issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Thursday, September 6th. Dominion Energy’s payout ratio is presently 92.78%.
In other news, Director John W. Harris acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of $71.15 per share, with a total value of $711,500.00. Following the acquisition, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.
Several research firms have recently weighed in on D. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price objective on the stock in a report on Tuesday. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday. Argus lifted their price objective on Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “hold” rating and set a $76.00 price objective (up previously from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. Finally, ValuEngine upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $84.42.
Dominion Energy 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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