9,651 Shares in Dominion Energy Inc. (D) Acquired by Vident Investment Advisory LLC
Vident Investment Advisory LLC acquired a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,651 shares of the utilities provider’s stock, valued at approximately $742,000.
A number of other large investors have also bought and sold shares of D. Tradewinds Capital Management LLC lifted its stake in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Dominion Energy during the second quarter worth about $103,000. Johnson Financial Group Inc. lifted its stake in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 800 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new stake in Dominion Energy during the second quarter worth about $107,000. 64.67% of the stock is owned by institutional investors.
In related news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.
Several equities research analysts have issued reports on D shares. Bank of America started coverage on Dominion Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price target for the company. J P Morgan Chase & Co lifted their price target on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Citigroup boosted their target price on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Thirteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $81.50.
Shares of Dominion Energy Inc. (D) opened at $84.38 on Friday. Dominion Energy Inc. has a 52 week low of $70.87 and a 52 week high of $84.83. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $54,127.29, a PE ratio of 22.92, a PEG ratio of 4.14 and a beta of 0.29.
Dominion Energy (NYSE:D) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $1.14 EPS. Dominion Energy’s revenue for the quarter was up 1.5% on a year-over-year basis. analysts expect that Dominion Energy Inc. will post 3.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 90.86%.
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About Dominion Energy
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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