Blue Chip Partners Inc. Has $626,000 Stake in Dominion Energy Inc. (D)
Blue Chip Partners Inc. grew its stake in Dominion Energy Inc. (NYSE:D) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,139 shares of the utilities provider’s stock after purchasing an additional 950 shares during the period. Blue Chip Partners Inc.’s holdings in Dominion Energy were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. grew its stake in shares of Dominion Energy by 27.3% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 310,852 shares of the utilities provider’s stock valued at $23,914,000 after purchasing an additional 66,656 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Dominion Energy by 13.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 134,643 shares of the utilities provider’s stock worth $10,358,000 after acquiring an additional 15,781 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Dominion Energy by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,869,502 shares of the utilities provider’s stock worth $143,821,000 after acquiring an additional 24,352 shares during the last quarter. Sigma Planning Corp grew its position in Dominion Energy by 14.2% during the 3rd quarter. Sigma Planning Corp now owns 27,709 shares of the utilities provider’s stock worth $2,132,000 after acquiring an additional 3,449 shares during the last quarter. Finally, NTV Asset Management LLC grew its position in Dominion Energy by 119.3% during the 3rd quarter. NTV Asset Management LLC now owns 13,084 shares of the utilities provider’s stock worth $1,007,000 after acquiring an additional 7,118 shares during the last quarter. Institutional investors own 64.27% of the company’s stock.
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D has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Deutsche Bank AG increased their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Fifteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $80.70.
In related news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the sale, the director now owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.
Dominion Energy Inc. (NYSE D) traded down $0.61 during mid-day trading on Thursday, hitting $82.23. The stock had a trading volume of 1,828,000 shares, compared to its average volume of 2,343,753. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The firm has a market cap of $52,810.00, a P/E ratio of 22.57, a P/E/G ratio of 4.01 and a beta of 0.29. Dominion Energy Inc. has a one year low of $70.54 and a one year high of $83.64.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for 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 quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. analysts predict that Dominion Energy Inc. will post 3.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is 89.09%.
Dominion Energy 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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