Stratos Wealth Partners LTD. lessened its holdings in Dominion Energy Inc (NYSE:D) by 3.2% during the 3rd quarter, Holdings Channel reports. The fund owned 43,337 shares of the utilities provider’s stock after selling 1,420 shares during the period. Stratos Wealth Partners LTD.’s holdings in Dominion Energy were worth $3,046,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Kaizen Advisory LLC lifted its holdings in shares of Dominion Energy by 136.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after buying an additional 851 shares during the period. First Hawaiian Bank purchased a new stake in shares of Dominion Energy in the 3rd quarter worth $132,000. Bridgeworth LLC purchased a new stake in shares of Dominion Energy in the 2nd quarter worth $166,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Dominion Energy by 310.6% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,644 shares of the utilities provider’s stock worth $180,000 after buying an additional 2,000 shares during the period. Finally, Patton Albertson Miller Group LLC purchased a new stake in shares of Dominion Energy in the 3rd quarter worth $185,000. 67.45% of the stock is currently owned by institutional investors.
Shares of NYSE D opened at $70.67 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.52 and a quick ratio of 0.36. The firm has a market cap of $45.69 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.76 and a beta of 0.18. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $85.30.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Thursday, December 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.
In other Dominion Energy news, Director John W. Harris purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was bought at an average cost of $71.15 per share, for a total transaction of $711,500.00. Following the completion of the purchase, the director now owns 17,495 shares in the company, valued at approximately $1,244,769.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.
D has been the subject of several research reports. Barclays began coverage on Dominion Energy in a research note on Monday, October 22nd. They set a “buy” rating and a $78.00 price objective for the company. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, October 22nd. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price objective for the company in a research note on Tuesday, October 9th. Argus upped their price objective on Dominion Energy from $74.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Finally, Wells Fargo & Co restated a “hold” rating and set a $76.00 price objective (up from $73.00) on shares of Dominion Energy in a research note on Monday, September 17th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $84.50.
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About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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