Capital Wealth Planning LLC Sells 188,129 Shares of Dominion Energy Inc. (D)
Capital Wealth Planning LLC reduced its stake in Dominion Energy Inc. (NYSE:D) by 94.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,116 shares of the utilities provider’s stock after selling 188,129 shares during the period. Capital Wealth Planning LLC’s holdings in Dominion Energy were worth $779,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in shares of Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after buying an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Dominion Energy during the second quarter valued at $103,000. Johnson Financial Group Inc. boosted its position in shares of Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in shares of 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 valued at $107,000 after buying an additional 1,076 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Dominion Energy during the second quarter valued at $107,000. 64.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on D shares. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 22nd. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Royal Bank of Canada reissued a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a report on Monday, August 21st. Finally, Gabelli reissued a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $80.70.
Dominion Energy Inc. (NYSE:D) opened at $84.14 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. Dominion Energy Inc. has a 12 month low of $70.87 and a 12 month high of $84.47. The company has a market capitalization of $53,979.28, a PE ratio of 22.86, a PEG ratio of 4.13 and a beta of 0.29.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the 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 last year, the company earned $1.14 EPS. research analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is 90.86%.
In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.
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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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