Dominion Energy Inc (D) Shares Bought by Blue Chip Partners Inc.

Blue Chip Partners Inc. boosted its position in Dominion Energy Inc (NYSE:D) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,321 shares of the utilities provider’s stock after purchasing an additional 8,264 shares during the period. Dominion Energy accounts for about 2.2% of Blue Chip Partners Inc.’s portfolio, making the stock its 10th biggest holding. Blue Chip Partners Inc.’s holdings in Dominion Energy were worth $8,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brown Advisory Inc. boosted its position in shares of Dominion Energy by 12.0% during the 3rd quarter. Brown Advisory Inc. now owns 146,077 shares of the utilities provider’s stock valued at $10,266,000 after purchasing an additional 15,596 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Dominion Energy by 17.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 10,068 shares of the utilities provider’s stock valued at $708,000 after purchasing an additional 1,500 shares in the last quarter. Griffin Asset Management Inc. boosted its position in shares of Dominion Energy by 10.2% during the 3rd quarter. Griffin Asset Management Inc. now owns 95,105 shares of the utilities provider’s stock valued at $6,684,000 after purchasing an additional 8,785 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Dominion Energy by 0.8% during the 4th quarter. Moody National Bank Trust Division now owns 49,282 shares of the utilities provider’s stock valued at $3,521,000 after purchasing an additional 399 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Dominion Energy by 12.7% in the third quarter. Brown Brothers Harriman & Co. now owns 36,983 shares of the utilities provider’s stock worth $2,599,000 after acquiring an additional 4,182 shares in the last quarter. 67.97% of the stock is owned by institutional investors and hedge funds.

In related news, CFO James R. Chapman bought 4,053 shares of the company’s stock in a transaction dated Wednesday, December 19th. The shares were bought at an average price of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the acquisition, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at $1,647,389.12. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Diane Leopold sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the transaction, the chief executive officer now owns 48,677 shares in the company, valued at approximately $3,471,156.87. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

D stock opened at $72.81 on Tuesday. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $77.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62. The company has a market capitalization of $47.99 billion, a PE ratio of 17.98, a P/E/G ratio of 2.87 and a beta of 0.21.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. The company 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 earned $0.91 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Thursday, February 28th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio (DPR) is currently 82.47%.

D has been the topic of several recent research reports. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, October 22nd. Barclays initiated coverage on Dominion Energy in a report on Monday, October 22nd. They issued a “buy” rating and a $78.00 price target on the stock. Bank of America cut their price target on Dominion Energy from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. ValuEngine lowered Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, 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 report on Thursday, November 29th. One equities research analyst has 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 currently has a consensus rating of “Hold” and a consensus price target of $85.55.

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Dominion Energy 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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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