Dominion Energy Inc (D) Director John W. Harris Sells 2,665 Shares

Dominion Energy Inc (NYSE:D) Director John W. Harris sold 2,665 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the transaction, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dominion Energy Inc (NYSE D) traded up $1.07 on Friday, reaching $74.38. 4,628,768 shares of the company traded hands, compared to its average volume of 5,110,000. The firm has a market capitalization of $47,870.00, a PE ratio of 15.15, a PEG ratio of 2.80 and a beta of 0.20. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. Dominion Energy Inc has a 1 year low of $71.59 and a 1 year high of $85.30.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. sell-side analysts predict that Dominion Energy Inc will post 4.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be issued a $0.835 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a yield of 4.49%. Dominion Energy’s dividend payout ratio is currently 62.73%.

Hedge funds have recently added to or reduced their stakes in the business. MPS Loria Financial Planners LLC bought a new stake in Dominion Energy during the second quarter valued at $103,000. Johnson Financial Group Inc. increased its stake in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 800 shares during the last quarter. American Research & Management Co. increased its stake in Dominion Energy by 159.7% during the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 875 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Dominion Energy by 183.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MHI Funds LLC bought a new stake in Dominion Energy during the fourth quarter valued at $119,000. Hedge funds and other institutional investors own 64.61% of the company’s stock.

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 target price on the stock. Bank of America reduced their target price on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday. Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, January 30th. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.09.

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Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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