ETRADE Capital Management LLC Acquires 1,594 Shares of Dominion Energy Inc. (D)
ETRADE Capital Management LLC raised its holdings in shares of Dominion Energy Inc. (NYSE:D) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,141 shares of the utilities provider’s stock after acquiring an additional 1,594 shares during the quarter. ETRADE Capital Management LLC’s holdings in Dominion Energy were worth $3,704,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of D. Princeton Portfolio Strategies Group LLC increased its holdings in Dominion Energy by 1.2% during the 1st quarter. Princeton Portfolio Strategies Group LLC now owns 11,322 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 134 shares in the last quarter. Fifth Third Bancorp increased its holdings in Dominion Energy by 6.0% during the 1st quarter. Fifth Third Bancorp now owns 58,685 shares of the utilities provider’s stock valued at $4,552,000 after acquiring an additional 3,302 shares in the last quarter. Cleararc Capital Inc. increased its holdings in Dominion Energy by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 15,340 shares of the utilities provider’s stock valued at $1,190,000 after acquiring an additional 108 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Dominion Energy by 6.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 23,364 shares of the utilities provider’s stock valued at $1,812,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Global X Management Co. LLC increased its holdings in Dominion Energy by 34.9% during the 1st quarter. Global X Management Co. LLC now owns 4,707 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 1,217 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.
In related news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by insiders.
Several research firms have weighed in on D. National Bank Financial downgraded shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Citigroup Inc. lifted their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Deutsche Bank AG lifted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Finally, Bank of America Corporation upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $80.70.
Shares of Dominion Energy Inc. (NYSE D) opened at $82.21 on Friday. The company has a market cap of $52,904.60, a PE ratio of 22.40, a PEG ratio of 4.10 and a beta of 0.29. Dominion Energy Inc. has a twelve month low of $70.87 and a twelve month high of $83.64. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. research analysts predict that Dominion Energy Inc. will post 3.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.75%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is presently 89.09%.
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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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