Keybank National Association OH reduced its stake in shares of Dominion Energy Inc (NYSE:D) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,404 shares of the utilities provider’s stock after selling 11,662 shares during the quarter. Keybank National Association OH’s holdings in Dominion Energy were worth $17,699,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hemenway Trust Co LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at $255,000. Eastern Bank lifted its holdings in shares of Dominion Energy by 1.7% in the third quarter. Eastern Bank now owns 45,079 shares of the utilities provider’s stock valued at $3,653,000 after buying an additional 740 shares during the period. Bartlett & Co. LLC lifted its holdings in shares of Dominion Energy by 742.7% in the third quarter. Bartlett & Co. LLC now owns 20,022 shares of the utilities provider’s stock valued at $1,623,000 after buying an additional 17,646 shares during the period. NTV Asset Management LLC lifted its holdings in shares of Dominion Energy by 54.3% in the third quarter. NTV Asset Management LLC now owns 20,040 shares of the utilities provider’s stock valued at $1,624,000 after buying an additional 7,056 shares during the period. Finally, D Orazio & Associates Inc. lifted its holdings in shares of Dominion Energy by 1.8% in the third quarter. D Orazio & Associates Inc. now owns 7,516 shares of the utilities provider’s stock valued at $609,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.
Shares of NYSE D traded down $0.24 during mid-day trading on Friday, hitting $80.07. 2,117,764 shares of the company traded hands, compared to its average volume of 2,739,025. Dominion Energy Inc has a 1 year low of $67.41 and a 1 year high of $83.73. The stock has a market capitalization of $66.96 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 4.03 and a beta of 0.22. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $81.54 and a two-hundred day moving average of $77.78.
Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. Dominion Energy’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, research analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current year.
The firm 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 annualized dividend and a yield of 4.58%. Dominion Energy’s payout ratio is 90.62%.
In other news, Director Michael E. Szymanczyk bought 21,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the transaction, the director now directly owns 19,541 shares in the company, valued at approximately $1,540,807.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Diane Leopold sold 11,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total value of $948,520.00. Following the completion of the transaction, the chief executive officer now directly owns 60,564 shares in the company, valued at $4,995,318.72. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.
Several brokerages have recently weighed in on D. Wells Fargo & Co upped their price objective on Dominion Energy from $83.00 to $88.00 and gave the company a “market perform” rating in a report on Monday. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. reduced their target price on Dominion Energy from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Morgan Stanley upped their target price on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $81.45.
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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