Dominion Energy Inc. (D) Position Trimmed by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,324 shares of the utilities provider’s stock after selling 15,021 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Dominion Energy were worth $8,294,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in D. Vanguard Group Inc. boosted its position in Dominion Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after purchasing an additional 1,194,152 shares in the last quarter. Federated Investors Inc. PA boosted its position in Dominion Energy by 5.4% during the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after purchasing an additional 461,484 shares in the last quarter. Wells Fargo & Company MN boosted its position in Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after purchasing an additional 244,870 shares in the last quarter. Legal & General Group Plc boosted its position in Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after purchasing an additional 253,699 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its position in Dominion Energy by 0.9% during the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after purchasing an additional 36,643 shares in the last quarter. 64.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John W. Harris sold 5,616 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction 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.
D has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Bank of America upgraded Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. National Bank Financial downgraded Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research report on Wednesday, October 4th. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research report on Thursday, December 14th. Finally, Morgan Stanley upped their price objective 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. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and an average target price of $82.20.
Shares of Dominion Energy Inc. (NYSE D) opened at $77.21 on Wednesday. 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 $85.30. The stock has a market capitalization of $49,690.00, a price-to-earnings ratio of 22.78, a PEG ratio of 3.37 and a beta of 0.30.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business earned $1.14 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. sell-side analysts anticipate that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, December 1st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 3.99%. Dominion Energy’s dividend payout ratio is 90.86%.
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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