Valeo Financial Advisors LLC purchased a new position in Dominion Energy Inc (NYSE:D) during the fourth quarter, HoldingsChannel reports. The fund purchased 31,193 shares of the utilities provider’s stock, valued at approximately $2,583,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Chesley Taft & Associates LLC grew its position in shares of Dominion Energy by 0.8% during the third quarter. Chesley Taft & Associates LLC now owns 15,243 shares of the utilities provider’s stock valued at $1,235,000 after purchasing an additional 125 shares in the last quarter. Meridian Financial Partners LLC lifted its position in shares of Dominion Energy by 1.7% in the fourth quarter. Meridian Financial Partners LLC now owns 7,438 shares of the utilities provider’s stock worth $608,000 after buying an additional 126 shares in the last quarter. Wambolt & Associates LLC lifted its position in shares of Dominion Energy by 2.4% in the third quarter. Wambolt & Associates LLC now owns 5,396 shares of the utilities provider’s stock worth $437,000 after buying an additional 127 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Dominion Energy by 2.1% in the third quarter. OLD National Bancorp IN now owns 6,099 shares of the utilities provider’s stock worth $494,000 after buying an additional 128 shares in the last quarter. Finally, Grimes & Company Inc. boosted its stake in Dominion Energy by 1.2% during the third quarter. Grimes & Company Inc. now owns 11,046 shares of the utilities provider’s stock valued at $895,000 after buying an additional 130 shares during the last quarter. 65.39% of the stock is currently owned by institutional investors.

In other Dominion Energy news, CEO Diane Leopold sold 11,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total transaction of $948,520.00. Following the transaction, the chief executive officer now owns 60,564 shares in the company, valued at $4,995,318.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

NYSE D traded down $0.38 during trading hours on Friday, hitting $83.69. 1,585,493 shares of the company were exchanged, compared to its average volume of 2,306,981. The stock has a 50-day moving average price of $82.02 and a 200 day moving average price of $79.97. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 1.20. Dominion Energy Inc has a 52 week low of $68.28 and a 52 week high of $84.42. The stock has a market cap of $68.88 billion, a PE ratio of 62.93, a price-to-earnings-growth ratio of 4.09 and a beta of 0.22.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy Inc will post 4.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.49%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. Dominion Energy’s payout ratio is currently 90.62%.

Several equities analysts have weighed in on D shares. Morgan Stanley raised their price target on Dominion Energy from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $78.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Argus increased their target price on Dominion Energy from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Co reissued a “hold” rating on shares of Dominion Energy in a report on Friday, November 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $79.00 price target on shares of Dominion Energy in a research report on Sunday, January 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus target price of $81.90.

About Dominion Energy

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.

Read More: Are sell-side analysts objective?

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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