Webster Bank N. A. trimmed its stake in shares of Dominion Energy Inc (NYSE:D) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,366 shares of the utilities provider’s stock after selling 444 shares during the quarter. Webster Bank N. A.’s holdings in Dominion Energy were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its stake in Dominion Energy by 6,957.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 4,955,630 shares during the period. Norges Bank bought a new position in Dominion Energy during the fourth quarter valued at approximately $305,535,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Dominion Energy by 34.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after acquiring an additional 3,801,740 shares during the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 23.1% during the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after acquiring an additional 1,697,619 shares during the last quarter. Finally, Millennium Management LLC grew its position in Dominion Energy by 93.4% during the fourth quarter. Millennium Management LLC now owns 3,418,868 shares of the utilities provider’s stock valued at $244,312,000 after acquiring an additional 1,651,497 shares during the last quarter. 58.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the stock. Macquarie cut shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday. Mizuho initiated coverage on shares of Dominion Energy in a report on Monday, March 11th. They issued a “neutral” rating and a $76.00 target price on the stock. Finally, Wells Fargo & Co raised their target price on shares of Dominion Energy from $73.00 to $80.00 and gave the stock a “market perform” rating in a report on Monday, December 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $85.67.
Shares of Dominion Energy stock opened at $75.83 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.41. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $77.50. The company has a market capitalization of $60.62 billion, a PE ratio of 18.72, a PEG ratio of 3.09 and a beta of 0.22.
Dominion Energy (NYSE:D) last issued its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Dominion Energy Inc will post 4.2 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.9175 dividend. The ex-dividend date was Thursday, February 28th. This represents a $3.67 annualized dividend and a yield of 4.84%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s payout ratio is 90.62%.
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Dominion Energy 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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