Camelot Portfolios LLC cut its holdings in Dominion Energy Inc (NYSE:D) by 27.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,324 shares of the utilities provider’s stock after selling 3,082 shares during the period. Camelot Portfolios LLC’s holdings in Dominion Energy were worth $638,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc boosted its holdings in Dominion Energy by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after purchasing an additional 825,191 shares in the last quarter. BlackRock Inc. boosted its holdings in Dominion Energy by 2.2% in the 4th quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock valued at $3,373,599,000 after purchasing an additional 1,032,107 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Dominion Energy by 34.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after purchasing an additional 3,801,740 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dominion Energy by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after acquiring an additional 1,697,619 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Dominion Energy by 7.9% during the 4th quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock worth $599,737,000 after acquiring an additional 613,093 shares in the last quarter. Institutional investors own 59.38% of the company’s stock.
D traded up $0.60 during trading on Wednesday, hitting $77.33. The company’s stock had a trading volume of 2,746,078 shares, compared to its average volume of 4,300,377. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61. The company has a market capitalization of $61.57 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 3.70 and a beta of 0.23. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $77.91.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. As a group, equities research analysts forecast that Dominion Energy Inc will post 4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.75%. Dominion Energy’s payout ratio is 90.62%.
Several brokerages have recently commented on D. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. TheStreet lowered Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Credit Suisse Group set a $77.00 price objective on Dominion Energy and gave the stock a “hold” rating in a research report on Monday, April 22nd. Argus restated a “buy” rating on shares of Dominion Energy in a research report on Wednesday, February 27th. Finally, Mizuho initiated coverage on Dominion Energy in a research report on Monday, March 11th. They set a “neutral” rating and a $76.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $85.00.
In other Dominion Energy news, Director D Maybank Hagood purchased 1,965 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $76.34 per share, with a total value of $150,008.10. Following the transaction, the director now owns 2,975 shares in the company, valued at $227,111.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the sale, the director now directly owns 23,598 shares of the company’s stock, valued at $1,793,683.98. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
Dominion Energy Company Profile
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.
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