1ST Source Bank Reduces Holdings in Dominion Energy Inc. (D)
1ST Source Bank cut its position in Dominion Energy Inc. (NYSE:D) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,305 shares of the utilities provider’s stock after selling 780 shares during the quarter. 1ST Source Bank’s holdings in Dominion Energy were worth $562,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Dominion Energy by 3.3% during the first quarter. Pacer Advisors Inc. now owns 11,798 shares of the utilities provider’s stock worth $915,000 after acquiring an additional 374 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Dominion Energy by 1.6% during the first quarter. Nordea Investment Management AB now owns 30,786 shares of the utilities provider’s stock worth $2,388,000 after acquiring an additional 481 shares during the last quarter. Trust Co. of Toledo NA OH raised its position in shares of Dominion Energy by 0.6% during the first quarter. Trust Co. of Toledo NA OH now owns 37,481 shares of the utilities provider’s stock worth $2,908,000 after acquiring an additional 233 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Dominion Energy by 25.0% during the first quarter. Private Advisor Group LLC now owns 47,593 shares of the utilities provider’s stock worth $3,709,000 after acquiring an additional 9,531 shares during the last quarter. Finally, South Texas Money Management Ltd. raised its position in shares of Dominion Energy by 2.2% during the first quarter. South Texas Money Management Ltd. now owns 8,529 shares of the utilities provider’s stock worth $662,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.
D has been the subject of a number of analyst reports. J P Morgan Chase & Co raised their price objective on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America Corporation initiated coverage on Dominion Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $80.70.
Shares of Dominion Energy Inc. (NYSE:D) opened at $80.67 on Friday. The firm has a market capitalization of $52.02 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 3.92 and a beta of 0.29. The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. equities analysts expect that Dominion Energy Inc. will post 3.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is 89.09%.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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