Mackenzie Financial Corp Decreases Holdings in Dominion Energy Inc (D)

Mackenzie Financial Corp reduced its holdings in shares of Dominion Energy Inc (NYSE:D) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,223 shares of the utilities provider’s stock after selling 175 shares during the period. Mackenzie Financial Corp’s holdings in Dominion Energy were worth $1,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its stake in shares of Dominion Energy by 4.7% in the fourth quarter. Manchester Capital Management LLC now owns 3,255 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 146 shares during the period. Heritage Trust Co boosted its stake in shares of Dominion Energy by 58.8% in the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 150 shares during the period. Cornerstone Advisors Inc. boosted its stake in shares of Dominion Energy by 10.2% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,765 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 164 shares during the period. BerganKDV Wealth Management LLC boosted its stake in shares of Dominion Energy by 0.6% in the fourth quarter. BerganKDV Wealth Management LLC now owns 26,545 shares of the utilities provider’s stock valued at $1,897,000 after purchasing an additional 164 shares during the period. Finally, Vigilant Capital Management LLC boosted its stake in shares of Dominion Energy by 14.3% in the fourth quarter. Vigilant Capital Management LLC now owns 1,320 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 165 shares during the period. Institutional investors own 67.61% of the company’s stock.

D has been the topic of several recent analyst reports. Bank of America cut their price target on shares of Dominion Energy from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. JPMorgan Chase & Co. cut their price target on shares of Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Barclays set a $79.00 price target on shares of Dominion Energy and gave the company a “buy” rating in a report on Saturday, November 17th. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $75.00 to $84.00 in a report on Thursday, November 29th. Finally, ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus price target of $85.55.

In other Dominion Energy news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James R. Chapman bought 4,053 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were acquired at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the acquisition, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by corporate insiders.

D opened at $74.09 on Friday. The firm has a market capitalization of $48.22 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.28 and a beta of 0.21. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $77.19.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, equities research analysts anticipate that Dominion Energy Inc will post 4.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be issued a $0.9175 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 annualized dividend and a yield of 4.95%. Dominion Energy’s dividend payout ratio is currently 82.47%.

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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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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