WealthPLAN Partners LLC Invests $425,000 in Dominion Energy Inc (D) Stock
WealthPLAN Partners LLC purchased a new stake in shares of Dominion Energy Inc (NYSE:D) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,250 shares of the utilities provider’s stock, valued at approximately $425,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. raised its holdings in Dominion Energy by 8.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 138,939 shares of the utilities provider’s stock worth $11,262,000 after buying an additional 10,700 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in Dominion Energy in the third quarter worth about $966,000. Atria Investments LLC raised its holdings in Dominion Energy by 12.5% in the fourth quarter. Atria Investments LLC now owns 27,879 shares of the utilities provider’s stock worth $2,260,000 after buying an additional 3,092 shares during the last quarter. APG Asset Management N.V. raised its holdings in Dominion Energy by 4.0% in the fourth quarter. APG Asset Management N.V. now owns 892,242 shares of the utilities provider’s stock worth $60,231,000 after buying an additional 34,000 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd raised its holdings in shares of Dominion Energy by 73.3% during the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 15,600 shares of the utilities provider’s stock valued at $1,265,000 after purchasing an additional 6,600 shares during the last quarter. 65.28% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on D shares. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 22nd. Morgan Stanley boosted their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a report on Thursday, December 14th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, January 17th. Finally, Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, January 30th. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $81.36.
Shares of Dominion Energy stock opened at $67.64 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.60. The stock has a market cap of $44,596.86, a P/E ratio of 13.78, a P/E/G ratio of 2.40 and a beta of 0.23. Dominion Energy Inc has a 12-month low of $67.61 and a 12-month high of $85.30.
Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. equities analysts predict that Dominion Energy Inc will post 4.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd were given a $0.835 dividend. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Thursday, March 1st. Dominion Energy’s dividend payout ratio is presently 68.02%.
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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