Dominion Energy Inc (D) Holdings Boosted by Creative Planning
Creative Planning boosted its holdings in shares of Dominion Energy Inc (NYSE:D) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,208 shares of the utilities provider’s stock after buying an additional 6,253 shares during the quarter. Creative Planning’s holdings in Dominion Energy were worth $8,018,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Heritage Trust Co grew its position in shares of Dominion Energy by 58.8% in the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 150 shares during the last quarter. Clean Yield Group acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $40,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $70,000. Parkside Financial Bank & Trust grew its position in shares of Dominion Energy by 20.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 182 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $89,000. 67.13% of the stock is currently owned by hedge funds and other institutional investors.
NYSE D opened at $71.45 on Tuesday. The firm has a market capitalization of $46.59 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.63 and a beta of 0.21. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $77.19. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 5.14%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, February 28th. Dominion Energy’s dividend payout ratio is presently 82.47%.
In related news, CFO James R. Chapman acquired 4,053 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The stock was acquired at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the acquisition, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.
D has been the subject of several recent research reports. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. Wells Fargo & Co boosted their price target on Dominion Energy from $73.00 to $80.00 and gave the company a “market perform” rating in a research note on Monday, December 17th. Barclays set a $79.00 target price on Dominion Energy and gave the stock a “buy” rating in a research note on Saturday, November 17th. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $75.00 to $84.00 in a research note on Thursday, November 29th. Finally, Zacks Investment Research restated a “sell” rating on shares of Dominion Energy in a research note on Monday, December 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.55.
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Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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