Piedmont Investment Advisors Inc. lessened its position in shares of Dominion Energy Inc (NYSE:D) by 76.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,794 shares of the utilities provider’s stock after selling 21,524 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in Dominion Energy were worth $477,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in D. Kaizen Advisory LLC grew its position in shares of Dominion Energy by 136.6% in the second quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 851 shares during the period. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Dominion Energy in the third quarter valued at about $121,000. Psagot Investment House Ltd. acquired a new stake in shares of Dominion Energy in the third quarter valued at about $126,000. First Hawaiian Bank acquired a new stake in shares of Dominion Energy in the third quarter valued at about $132,000. Finally, Wagner Wealth Management LLC grew its position in shares of Dominion Energy by 859.5% in the third quarter. Wagner Wealth Management LLC now owns 1,919 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 1,719 shares during the period. Institutional investors own 67.43% of the company’s stock.
NYSE:D opened at $73.10 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $48.05 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.97 and a beta of 0.18. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $85.30.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio is currently 92.78%.
In other Dominion Energy news, Director John W. Harris purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were purchased at an average cost of $71.15 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.
Several analysts have recently issued reports on the stock. Barclays set a $79.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research report on Saturday, November 17th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Monday, October 22nd. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 target price on the stock in a research report on Tuesday, October 9th. Argus lifted their target price on shares of Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $76.00 target price (up previously from $73.00) on shares of Dominion Energy in a research report on Monday, September 17th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $84.58.
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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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