Schmidt P J Investment Management Inc. lowered its stake in Dominion Energy Inc (NYSE:D) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,366 shares of the utilities provider’s stock after selling 1,638 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Dominion Energy were worth $2,941,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of D. Semmax Financial Advisors Inc. bought a new stake in Dominion Energy in the 4th quarter valued at $1,529,000. Spectrum Management Group Inc. bought a new stake in Dominion Energy in the 1st quarter valued at $40,000. Motco increased its holdings in Dominion Energy by 0.9% in the 4th quarter. Motco now owns 51,862 shares of the utilities provider’s stock valued at $3,706,000 after acquiring an additional 476 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in Dominion Energy by 12.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 5,031 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 546 shares during the last quarter. Finally, Griffin Asset Management Inc. increased its holdings in Dominion Energy by 10.2% in the 3rd quarter. Griffin Asset Management Inc. now owns 95,105 shares of the utilities provider’s stock valued at $6,684,000 after acquiring an additional 8,785 shares during the last quarter. Institutional investors own 59.38% of the company’s stock.
In other Dominion Energy news, Director D Maybank Hagood purchased 1,965 shares of Dominion Energy stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now owns 2,975 shares in the company, valued at approximately $227,111.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the sale, the director now owns 23,598 shares of the company’s stock, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
Shares of D stock traded up $0.60 during trading hours on Wednesday, reaching $77.33. 2,746,078 shares of the stock were exchanged, compared to its average volume of 4,300,377. The stock has a market cap of $61.57 billion, a PE ratio of 19.09, a P/E/G ratio of 3.70 and a beta of 0.23. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $77.91.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. Dominion Energy’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts forecast that Dominion Energy Inc will post 4.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 annualized dividend and a yield of 4.75%. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.
D has been the topic of a number of research reports. TheStreet downgraded shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, May 3rd. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Credit Suisse Group initiated coverage on shares of Dominion Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $78.00 target price on the stock. Mizuho initiated coverage on shares of Dominion Energy in a report on Monday, March 11th. They issued a “neutral” rating and a $76.00 target price on the stock. Finally, Wolfe Research set a $79.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $85.00.
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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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