Haverford Trust Co. Increases Stake in Dominion Energy Inc (NYSE:D)

Haverford Trust Co. increased its holdings in Dominion Energy Inc (NYSE:D) by 4.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,312 shares of the utilities provider’s stock after purchasing an additional 770 shares during the period. Haverford Trust Co.’s holdings in Dominion Energy were worth $1,403,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. purchased a new stake in Dominion Energy during the 2nd quarter valued at $26,000. Manchester Financial Inc. purchased a new stake in Dominion Energy during the 2nd quarter valued at $27,000. NuWave Investment Management LLC boosted its position in Dominion Energy by 651.0% during the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after buying an additional 319 shares during the period. Atwater Malick LLC purchased a new stake in Dominion Energy during the 3rd quarter valued at $28,000. Finally, Personal Wealth Partners purchased a new stake in Dominion Energy during the 2nd quarter valued at $36,000. 65.28% of the stock is owned by institutional investors.

NYSE D traded down $0.03 during trading on Friday, hitting $80.28. The company had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1.20. Dominion Energy Inc has a one year low of $67.41 and a one year high of $83.73. The company has a market cap of $66.96 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 4.03 and a beta of 0.22. The company’s fifty day moving average is $81.53 and its 200-day moving average is $77.81.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same period in the prior year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s payout ratio is 90.62%.

Several brokerages have weighed in on D. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. decreased their price objective on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday. Morgan Stanley upped their price objective on shares of Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Co upped their price objective on shares of Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and a consensus target price of $81.45.

In related news, CEO Diane Leopold sold 11,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total value of $948,520.00. Following the completion of the transaction, the chief executive officer now directly owns 60,564 shares in the company, valued at approximately $4,995,318.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey Michael Zeiler purchased 15,112 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $6.31 per share, with a total value of $95,356.72. 0.26% of the stock is owned by company insiders.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. 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.

Further Reading: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).

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

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.