Global Financial Private Capital LLC reduced its stake in shares of Dominion Energy Inc (NYSE:D) by 18.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,912 shares of the utilities provider’s stock after selling 59,494 shares during the period. Global Financial Private Capital LLC’s holdings in Dominion Energy were worth $18,407,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of D. Dorsey & Whitney Trust CO LLC raised its stake in shares of Dominion Energy by 18.0% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,608 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 702 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Dominion Energy by 0.3% in the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock valued at $17,852,000 after buying an additional 726 shares during the last quarter. Good Life Advisors LLC grew its holdings in Dominion Energy by 6.4% in the 3rd quarter. Good Life Advisors LLC now owns 12,415 shares of the utilities provider’s stock valued at $873,000 after buying an additional 748 shares during the last quarter. Cahill Financial Advisors Inc. grew its holdings in Dominion Energy by 17.8% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 5,035 shares of the utilities provider’s stock valued at $344,000 after buying an additional 760 shares during the last quarter. Finally, Taylor Hoffman Wealth Management grew its holdings in Dominion Energy by 1.4% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 54,011 shares of the utilities provider’s stock valued at $3,796,000 after buying an additional 767 shares during the last quarter. Institutional investors own 67.45% of the company’s stock.
In other Dominion Energy news, Director John W. Harris acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the transaction, the director now owns 17,495 shares in the company, valued at approximately $1,244,769.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by insiders.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. Dominion Energy’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. Research analysts expect that Dominion Energy Inc will post 4.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio is 92.78%.
A number of analysts have issued reports on the company. Guggenheim reaffirmed a “buy” rating and issued a $77.00 target price on shares of Dominion Energy in a report on Monday, July 23rd. JPMorgan Chase & Co. raised their target price on Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a report on Monday, July 23rd. Bank of America lowered their target price on Dominion Energy from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. Macquarie set a $74.00 price objective on Dominion Energy and gave the stock a “buy” rating in a report on Tuesday, September 25th. Finally, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.50.
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Dominion Energy Company Profile
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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