Duncker Streett & Co. Inc. increased its position in Dominion Energy Inc (NYSE:D) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,605 shares of the utilities provider’s stock after purchasing an additional 285 shares during the period. Duncker Streett & Co. Inc.’s holdings in Dominion Energy were worth $430,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Nalls Sherbakoff Group LLC acquired a new position in Dominion Energy in the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Massey Quick Simon & CO. LLC acquired a new position in Dominion Energy in the first quarter valued at approximately $27,000. Athena Capital Advisors LLC acquired a new position in Dominion Energy in the fourth quarter valued at approximately $28,000. Finally, Heritage Trust Co boosted its stake in 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 acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 63.85% of the company’s stock.
In other news, Director D Maybank Hagood bought 1,965 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $76.34 per share, with a total value of $150,008.10. Following the completion of the acquisition, the director now directly owns 2,975 shares in the company, valued at $227,111.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total value of $92,352.15. Following the sale, the director now directly owns 23,598 shares in the company, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
A number of brokerages have commented on D. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. TheStreet downgraded 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 target price on Dominion Energy and gave the company a “hold” rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Wolfe Research set a $79.00 target price on Dominion Energy and gave the company a “hold” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Dominion Energy presently has a consensus rating of “Hold” and an average target price of $85.00.
Shares of NYSE D traded down $1.03 during midday trading on Wednesday, hitting $75.22. 2,896,596 shares of the company’s stock were exchanged, compared to its average volume of 2,863,637. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a market cap of $62.36 billion, a PE ratio of 18.57, a P/E/G ratio of 3.81 and a beta of 0.23. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $78.14.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. Sell-side analysts forecast that Dominion Energy Inc will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 annualized dividend and a dividend yield of 4.88%. Dominion Energy’s dividend payout ratio is presently 90.62%.
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Dominion Energy 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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