Dominion Energy Inc. (D) Holdings Trimmed by AE Wealth Management LLC
AE Wealth Management LLC lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,014 shares of the utilities provider’s stock after selling 1,462 shares during the period. AE Wealth Management LLC’s holdings in Dominion Energy were worth $1,386,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Teachers Advisors LLC raised its stake in shares of Dominion Energy by 6.0% in the 1st quarter. Teachers Advisors LLC now owns 955,610 shares of the utilities provider’s stock valued at $74,127,000 after acquiring an additional 53,909 shares during the period. Global Financial Private Capital LLC purchased a new position in shares of Dominion Energy in the 1st quarter valued at $24,755,000. Stephens Inc. AR raised its stake in shares of Dominion Energy by 40.1% in the 1st quarter. Stephens Inc. AR now owns 134,695 shares of the utilities provider’s stock valued at $10,448,000 after acquiring an additional 38,556 shares during the period. Good Life Advisors LLC raised its stake in shares of Dominion Energy by 5.7% in the 1st quarter. Good Life Advisors LLC now owns 4,956 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 266 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Dominion Energy by 5.5% in the 1st quarter. Legal & General Group Plc now owns 4,070,516 shares of the utilities provider’s stock valued at $315,747,000 after acquiring an additional 210,726 shares during the period. 64.39% of the stock is currently owned by institutional investors.
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In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now directly 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 SEC, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.
D has been the topic of a number of research reports. Bank of America Corporation initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 target price on the stock. Citigroup Inc. cut their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. J P Morgan Chase & Co raised their target price on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Fifteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $80.70.
Dominion Energy Inc. (NYSE D) traded down $0.16 on Monday, reaching $81.16. 402,303 shares of the company were exchanged, compared to its average volume of 2,336,157. The firm has a market cap of $52,330.00, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 4.05 and a beta of 0.29. Dominion Energy Inc. has a 1-year low of $70.54 and a 1-year high of $83.64. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. analysts forecast that Dominion Energy Inc. will post 3.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.77 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 89.09%.
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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