Windsor Group LTD boosted its stake in shares of Dominion Energy Inc (NYSE:D) by 20.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,233 shares of the utilities provider’s stock after acquiring an additional 707 shares during the quarter. Windsor Group LTD’s holdings in Dominion Energy were worth $325,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Manchester Capital Management LLC lifted its holdings in shares of Dominion Energy by 4.7% during the fourth quarter. Manchester Capital Management LLC now owns 3,255 shares of the utilities provider’s stock worth $222,000 after buying an additional 146 shares in the last quarter. Heritage Trust Co raised its stake in Dominion Energy by 58.8% in the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 150 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in Dominion Energy by 10.2% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,765 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 164 shares in the last quarter. BerganKDV Wealth Management LLC grew its position in Dominion Energy by 0.6% in the fourth quarter. BerganKDV Wealth Management LLC now owns 26,545 shares of the utilities provider’s stock valued at $1,897,000 after acquiring an additional 164 shares during the last quarter. Finally, Vigilant Capital Management LLC grew its position in Dominion Energy by 14.3% in the fourth quarter. Vigilant Capital Management LLC now owns 1,320 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 165 shares during the last quarter. 58.90% of the stock is currently owned by hedge funds and other institutional investors.
D traded down $0.16 during trading on Wednesday, hitting $74.96. The company’s stock had a trading volume of 11,306 shares, compared to its average volume of 3,835,821. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $77.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $60.05 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 3.11 and a beta of 0.22.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm posted $0.91 earnings per share. Dominion Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.90%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Thursday, February 28th. Dominion Energy’s dividend payout ratio is presently 90.62%.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, April 8th. Bank of America cut Dominion Energy from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $72.00 to $69.00 in a research report on Friday, January 11th. Argus restated a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. Macquarie cut 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, JPMorgan Chase & Co. cut Dominion Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $79.00 to $73.00 in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.08.
In related news, CEO Diane Leopold sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total transaction of $178,275.00. Following the completion of the sale, the chief executive officer now owns 48,677 shares in the company, valued at $3,471,156.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director D Maybank Hagood acquired 1,965 shares of Dominion Energy stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $76.34 per share, with a total value of $150,008.10. Following the purchase, the director now directly owns 2,975 shares in the company, valued at $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is owned by corporate insiders.
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Dominion Energy Company 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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