D Maybank Hagood Purchases 1,965 Shares of Dominion Energy Inc (D) Stock

Dominion Energy Inc (NYSE:D) Director D Maybank Hagood purchased 1,965 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the transaction, the director now owns 2,975 shares in the company, valued at $227,111.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of D opened at $76.40 on Friday. The firm has a market capitalization of $60.99 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 3.34 and a beta of 0.22. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.19.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, February 1st. The utilities provider reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share. Analysts forecast that Dominion Energy Inc will post 4.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.80%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in shares of Dominion Energy by 6,957.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 4,955,630 shares during the last quarter. Norges Bank bought a new position in shares of Dominion Energy in the 4th quarter worth $305,535,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Dominion Energy by 34.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock worth $1,069,671,000 after purchasing an additional 3,801,740 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dominion Energy by 23.1% in the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after purchasing an additional 1,697,619 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Dominion Energy by 93.4% in the 4th quarter. Millennium Management LLC now owns 3,418,868 shares of the utilities provider’s stock worth $244,312,000 after purchasing an additional 1,651,497 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

A number of equities research analysts recently commented on D shares. Macquarie set a $78.00 price target on Dominion Energy and gave the stock a “buy” rating in a research report on Monday, January 14th. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $75.00 to $84.00 in a research report on Thursday, November 29th. Barclays set a $79.00 price target on Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. Finally, Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.75.

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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.

Further Reading: Mutual Funds

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