Madison Investment Holdings Inc. bought a new stake in Dominion Energy Inc (NYSE:D) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 106,682 shares of the utilities provider’s stock, valued at approximately $8,648,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in D. Tandem Investment Advisors Inc. boosted its position in shares of Dominion Energy by 7.5% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 51,847 shares of the utilities provider’s stock valued at $3,973,000 after purchasing an additional 3,596 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $528,000. Advisory Services Network LLC boosted its position in shares of Dominion Energy by 2.8% in the 2nd quarter. Advisory Services Network LLC now owns 4,671 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 128 shares during the period. Cetera Investment Advisers boosted its position in shares of Dominion Energy by 0.7% in the 2nd quarter. Cetera Investment Advisers now owns 5,704 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 37 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Dominion Energy by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 213,945 shares of the utilities provider’s stock valued at $16,392,000 after purchasing an additional 43,578 shares during the period. 65.34% of the stock is owned by hedge funds and other institutional investors.
In related news, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the transaction, the director now directly owns 13,282 shares of the company’s stock, valued at approximately $1,070,529.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total value of $899,644.76. Following the completion of the transaction, the director now directly owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
A number of analysts have weighed in on the company. Bank of America decreased their price objective on Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Morgan Stanley increased their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. UBS Group assumed coverage on Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Finally, Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.09.
Dominion Energy Inc (NYSE:D) opened at $75.52 on Friday. The stock has a market capitalization of $47,427.55, a P/E ratio of 15.38, a PEG ratio of 2.57 and a beta of 0.20. Dominion Energy Inc has a one year low of $72.80 and a one year high of $85.30. 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 issued its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. research analysts anticipate that Dominion Energy Inc will post 4.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. Dominion Energy’s dividend payout ratio is 62.73%.
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Dominion Energy 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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