Foster Victor Wealth Advisors LLC increased its stake in Dominion Energy Inc (NYSE:D) by 62.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,713 shares of the utilities provider’s stock after purchasing an additional 5,254 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Dominion Energy were worth $1,113,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its stake in Dominion Energy by 77.6% in the 1st quarter. FMR LLC now owns 9,010,766 shares of the utilities provider’s stock worth $690,765,000 after buying an additional 3,935,958 shares in the last quarter. Zimmer Partners LP increased its stake in Dominion Energy by 84.4% in the 2nd quarter. Zimmer Partners LP now owns 3,364,742 shares of the utilities provider’s stock worth $260,162,000 after buying an additional 1,539,742 shares in the last quarter. Invesco Ltd. increased its stake in Dominion Energy by 12.4% in the 2nd quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock worth $981,214,000 after buying an additional 1,398,000 shares in the last quarter. Vanguard Group Inc. increased its stake in Dominion Energy by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock worth $5,066,345,000 after buying an additional 1,241,779 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Dominion Energy by 50.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,846,170 shares of the utilities provider’s stock worth $220,066,000 after buying an additional 957,712 shares in the last quarter. 65.11% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on D shares. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Finally, Wells Fargo & Co set a $83.00 price target on Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 30th. One investment 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 an average rating of “Hold” and an average target price of $79.64.
In related news, Director Michael E. Szymanczyk purchased 21,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $78.85 per share, for a total transaction of $1,687,390.00. Following the completion of the transaction, the director now owns 19,541 shares in the company, valued at approximately $1,540,807.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffrey Michael Zeiler purchased 15,112 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of $6.31 per share, with a total value of $95,356.72. Company insiders own 0.26% of the company’s stock.
Shares of Dominion Energy stock traded up $0.39 during trading on Friday, reaching $82.17. 153,382 shares of the stock traded hands, compared to its average volume of 3,684,723. The company has a market capitalization of $64.85 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 4.03 and a beta of 0.22. The business has a fifty day simple moving average of $78.99 and a two-hundred day simple moving average of $76.99. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42. Dominion Energy Inc has a 52-week low of $67.41 and a 52-week high of $81.84.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. On average, research analysts predict that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.9175 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.47%. Dominion Energy’s payout ratio is 90.62%.
Dominion Energy Company 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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