Resource Management LLC Buys New Stake in Dominion Energy Inc (D)
Resource Management LLC bought a new position in shares of Dominion Energy Inc (NYSE:D) in the 1st quarter, Holdings Channel reports. The institutional investor bought 2,799 shares of the utilities provider’s stock, valued at approximately $215,000.
Several other institutional investors also recently bought and sold shares of D. JPMorgan Chase & Co. boosted its position in shares of Dominion Energy by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 605,578 shares of the utilities provider’s stock worth $42,560,000 after purchasing an additional 11,178 shares during the period. Vanguard Group Inc lifted its holdings in Dominion Energy by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after buying an additional 825,191 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Dominion Energy by 22.0% during the 4th quarter. D.A. Davidson & CO. now owns 18,797 shares of the utilities provider’s stock worth $1,343,000 after buying an additional 3,390 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Dominion Energy during the 4th quarter worth approximately $70,000. Finally, First Merchants Corp lifted its holdings in Dominion Energy by 10.7% during the 4th quarter. First Merchants Corp now owns 12,247 shares of the utilities provider’s stock worth $875,000 after buying an additional 1,185 shares in the last quarter. Institutional investors own 63.81% of the company’s stock.
In related news, Director D Maybank Hagood purchased 1,965 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $76.34 per share, for a total transaction of $150,008.10. Following the purchase, the director now directly owns 2,975 shares of the company’s stock, valued at $227,111.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of Dominion Energy stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the sale, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. Dominion Energy’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts expect that Dominion Energy Inc will post 4.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.88%. Dominion Energy’s payout ratio is 90.62%.
A number of equities research analysts have issued reports on D shares. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Argus reiterated a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. Mizuho started coverage on shares of Dominion Energy in a report on Monday, March 11th. They set a “neutral” rating and a $76.00 target price on the stock. Macquarie lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Finally, Wolfe Research set a $79.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $85.00.
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Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. 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.
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