Traders Buy Dominion Energy (D) on Weakness

Traders purchased shares of Dominion Energy Inc. (NYSE:D) on weakness during trading on Thursday. $139.52 million flowed into the stock on the tick-up and $93.88 million flowed out of the stock on the tick-down, for a money net flow of $45.64 million into the stock. Of all stocks tracked, Dominion Energy had the 11th highest net in-flow for the day. Dominion Energy traded down ($0.36) for the day and closed at $76.83

A number of equities analysts have issued reports on the company. Bank of America assumed coverage on Dominion Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 target price for the company. JPMorgan Chase & Co. increased their target price on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, Citigroup increased their target price on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Dominion Energy currently has an average rating of “Hold” and a consensus price target of $82.20.

The firm has a market cap of $49,440.00, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 3.53 and a beta of 0.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company 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%. Dominion Energy’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. equities research analysts anticipate that Dominion Energy Inc. will post 3.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st were issued a $0.77 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 4.01%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.86%.

In other news, Director John W. Harris sold 5,616 shares of the firm’s 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 transaction, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of D. Tradewinds Capital Management LLC lifted its position in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares during the last quarter. Wsfs Capital Management LLC lifted its position in Dominion Energy by 0.4% during the second quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 12 shares during the last quarter. Omnia Family Wealth LLC lifted its position in Dominion Energy by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock worth $383,000 after acquiring an additional 16 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Dominion Energy by 1.0% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,197 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 21 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Dominion Energy by 0.7% during the second quarter. Cetera Investment Advisers now owns 5,704 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 64.60% of the company’s stock.

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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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