NTV Asset Management LLC raised its stake in Dominion Energy Inc. (NYSE:D) by 119.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,084 shares of the utilities provider’s stock after purchasing an additional 7,118 shares during the period. NTV Asset Management LLC’s holdings in Dominion Energy were worth $1,007,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Dominion Energy by 3,615.9% during the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after acquiring an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after purchasing an additional 1,194,152 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Dominion Energy by 2.7% during the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after purchasing an additional 790,484 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Dominion Energy by 5.4% during the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after purchasing an additional 461,484 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Dominion Energy by 24.7% during the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after purchasing an additional 1,209,768 shares during the period. Institutional investors own 64.27% of the company’s stock.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The stock was 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 in the company, valued at approximately $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by insiders.
D has been the subject of a number of recent analyst reports. National Bank Financial downgraded 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 company a “hold” rating in a report on Thursday, August 3rd. Gabelli reissued a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a report on Monday, August 21st. Fifteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $80.70.
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Dominion Energy Inc. (NYSE D) traded up $1.04 during trading on Tuesday, reaching $81.85. The company had a trading volume of 1,631,200 shares, compared to its average volume of 2,345,604. The stock has a market cap of $52,003.64, a PE ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a 1 year low of $69.51 and a 1 year high of $82.13. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. equities research analysts predict that Dominion Energy Inc. will post 3.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a $0.77 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 3.76%. Dominion Energy’s payout ratio is 89.09%.
About Dominion Energy
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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