Flippin Bruce & Porter Inc. trimmed its stake in shares of Dominion Energy Inc (NYSE:D) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,597 shares of the utilities provider’s stock after selling 1,464 shares during the period. Flippin Bruce & Porter Inc.’s holdings in Dominion Energy were worth $5,883,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Zimmer Partners LP raised its holdings in shares of Dominion Energy by 84.4% during the second quarter. Zimmer Partners LP now owns 3,364,742 shares of the utilities provider’s stock valued at $260,162,000 after purchasing an additional 1,539,742 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Dominion Energy by 12.4% during the second quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock valued at $981,214,000 after purchasing an additional 1,398,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in Dominion Energy by 1.9% during the second quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock valued at $5,066,345,000 after buying an additional 1,241,779 shares during the last quarter. Prudential Financial Inc. increased its holdings in Dominion Energy by 50.7% during the second quarter. Prudential Financial Inc. now owns 2,846,170 shares of the utilities provider’s stock valued at $220,066,000 after buying an additional 957,712 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Dominion Energy by 1.6% during the second quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock valued at $4,351,431,000 after buying an additional 892,554 shares during the last quarter. 65.28% of the stock is owned by hedge funds and other institutional investors.
Shares of D traded down $0.03 during mid-day trading on Friday, reaching $80.28. The stock had a trading volume of 3,361,090 shares, compared to its average volume of 3,993,832. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $83.73. The business has a fifty day moving average of $81.53 and a 200 day moving average of $77.81. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.51.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.51 billion. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. On average, research analysts forecast that Dominion Energy Inc will post 4.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.57%. Dominion Energy’s payout ratio is currently 90.62%.
In other news, Director Michael E. Szymanczyk purchased 21,400 shares of the company’s stock in a transaction on Friday, September 13th. The stock was acquired 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 in the company, valued at approximately $1,540,807.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Diane Leopold sold 11,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total transaction of $948,520.00. Following the transaction, the chief executive officer now owns 60,564 shares of the company’s stock, valued at approximately $4,995,318.72. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. Morgan Stanley upped their target price on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, TheStreet raised shares of Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. 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 stock. The stock currently has a consensus rating of “Hold” and an average price target 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.
Featured Story: Municipal Bonds
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.