Alps Advisors Inc. Sells 3,245 Shares of Dominion Energy Inc (D)
Alps Advisors Inc. cut its stake in shares of Dominion Energy Inc (NYSE:D) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,748 shares of the utilities provider’s stock after selling 3,245 shares during the period. Alps Advisors Inc.’s holdings in Dominion Energy were worth $6,221,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of D. Magellan Asset Management Ltd lifted its stake in Dominion Energy by 16.7% during the 2nd quarter. Magellan Asset Management Ltd now owns 241,598 shares of the utilities provider’s stock valued at $18,514,000 after acquiring an additional 34,589 shares in the last quarter. Teachers Insurance & Annuity Association of America lifted its stake in Dominion Energy by 22.0% during the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 168,600 shares of the utilities provider’s stock valued at $12,920,000 after acquiring an additional 30,400 shares in the last quarter. BRYN MAWR TRUST Co lifted its stake in Dominion Energy by 3.2% during the 2nd quarter. BRYN MAWR TRUST Co now owns 14,120 shares of the utilities provider’s stock valued at $1,082,000 after acquiring an additional 440 shares in the last quarter. Godsey & Gibb Associates lifted its stake in Dominion Energy by 7.9% during the 2nd quarter. Godsey & Gibb Associates now owns 8,800 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 645 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Dominion Energy by 2.2% during the 2nd quarter. New York State Common Retirement Fund now owns 1,622,300 shares of the utilities provider’s stock valued at $124,317,000 after acquiring an additional 35,399 shares in the last quarter. Institutional investors and hedge funds own 64.61% of the company’s stock.
Several equities research analysts have recently issued reports on D shares. Morgan Stanley raised their target price on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a research report on Thursday, December 14th. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $82.09.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. sell-side analysts predict that Dominion Energy Inc will post 4.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be issued a $0.835 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.34 annualized dividend and a yield of 4.53%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio (DPR) is 62.73%.
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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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