Checchi Capital Advisers LLC increased its stake in shares of Dominion Energy Inc (NYSE:D) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,800 shares of the utilities provider’s stock after acquiring an additional 284 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Dominion Energy were worth $551,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Goelzer Investment Management Inc. boosted its stake in Dominion Energy by 1.9% during the third quarter. Goelzer Investment Management Inc. now owns 71,716 shares of the utilities provider’s stock worth $5,812,000 after acquiring an additional 1,368 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in Dominion Energy during the third quarter worth $250,000. Rational Advisors LLC boosted its stake in Dominion Energy by 20.3% during the third quarter. Rational Advisors LLC now owns 4,412 shares of the utilities provider’s stock worth $357,000 after acquiring an additional 744 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Dominion Energy by 1,474.3% in the third quarter. Bogart Wealth LLC now owns 35,296 shares of the utilities provider’s stock valued at $2,860,000 after buying an additional 33,054 shares in the last quarter. Finally, BancorpSouth Bank bought a new position in shares of Dominion Energy in the third quarter valued at $3,922,000. 63.92% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Diane Leopold sold 11,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total transaction of $948,520.00. Following the transaction, the chief executive officer now directly owns 60,564 shares of the company’s stock, valued at $4,995,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $78.85 per share, for a total transaction of $1,687,390.00. Following the completion of the transaction, the director now directly owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The disclosure for this purchase can be found here. 0.26% of the stock is owned by company insiders.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the firm earned $1.15 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. On average, research analysts forecast that Dominion Energy Inc will post 4.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.54%. Dominion Energy’s payout ratio is currently 90.62%.
D has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their price objective on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. TheStreet raised shares of Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Co raised their price objective on shares of Dominion Energy from $83.00 to $88.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $81.45.
About Dominion Energy
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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