NTV Asset Management LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,688 shares of the utilities provider’s stock after purchasing an additional 942 shares during the quarter. NTV Asset Management LLC’s holdings in Dominion Energy were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Solstein Capital LLC boosted its holdings in shares of Dominion Energy by 92.5% in the 3rd quarter. Solstein Capital LLC now owns 385 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 185 shares in the last quarter. Annapolis Financial Services LLC raised its position in Dominion Energy by 449.4% in the 3rd quarter. Annapolis Financial Services LLC now owns 489 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Benjamin Edwards Inc. raised its position in Dominion Energy by 38.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 646 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 178 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in Dominion Energy by 132.5% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 658 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 375 shares during the last quarter. Finally, Carderock Capital Management Inc. bought a new position in Dominion Energy in the 3rd quarter worth approximately $58,000. 66.63% of the stock is currently owned by institutional investors.
Shares of NYSE:D traded down $0.68 during trading on Friday, hitting $79.07. 11,358 shares of the company were exchanged, compared to its average volume of 2,600,236. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 1.40. Dominion Energy, Inc. has a fifty-two week low of $67.85 and a fifty-two week high of $81.08. The firm has a fifty day moving average price of $76.31 and a two-hundred day moving average price of $75.94. The stock has a market cap of $63.93 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.90 and a beta of 0.43.
The company also recently declared a quarterly dividend, which was paid on Monday, December 20th. Investors of record on Friday, December 3rd were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $2.52 annualized dividend and a yield of 3.19%. Dominion Energy’s dividend payout ratio (DPR) is presently 79.50%.
In other Dominion Energy news, Director Susan N. Story purchased 1,500 shares of the stock in a transaction dated Wednesday, November 24th. The stock was bought at an average price of $74.42 per share, with a total value of $111,630.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert M. Blue purchased 3,321 shares of the stock in a transaction dated Wednesday, November 10th. The shares were acquired at an average cost of $75.28 per share, with a total value of $250,004.88. The disclosure for this purchase can be found here. Insiders purchased a total of 5,817 shares of company stock valued at $436,614 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on D. Mizuho dropped their price objective on shares of Dominion Energy from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Tuesday, October 19th. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $81.00 to $98.00 in a research report on Wednesday, January 5th. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b” rating in a research report on Friday, November 5th. KeyCorp upped their target price on shares of Dominion Energy from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research report on Wednesday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $83.56.
Dominion Energy Profile
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.
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