Bartlett & Co. LLC raised its stake in Dominion Energy Inc (NYSE:D) by 742.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,022 shares of the utilities provider’s stock after buying an additional 17,646 shares during the period. Bartlett & Co. LLC’s holdings in Dominion Energy were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Bath Savings Trust Co boosted its holdings in shares of Dominion Energy by 7.3% during the 2nd quarter. Bath Savings Trust Co now owns 6,651 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 450 shares in the last quarter. Thomasville National Bank boosted its holdings in shares of Dominion Energy by 6.9% during the 2nd quarter. Thomasville National Bank now owns 44,713 shares of the utilities provider’s stock valued at $3,457,000 after acquiring an additional 2,897 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Dominion Energy by 21.2% during the 2nd quarter. Private Trust Co. NA now owns 7,212 shares of the utilities provider’s stock valued at $557,000 after acquiring an additional 1,263 shares in the last quarter. Woodstock Corp boosted its holdings in shares of Dominion Energy by 3.8% during the 2nd quarter. Woodstock Corp now owns 18,772 shares of the utilities provider’s stock valued at $1,451,000 after acquiring an additional 690 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A boosted its holdings in shares of Dominion Energy by 3.1% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 53,291 shares of the utilities provider’s stock valued at $4,120,000 after acquiring an additional 1,590 shares in the last quarter. 65.28% of the stock is owned by institutional investors.
In other Dominion Energy news, Director Michael E. Szymanczyk acquired 21,400 shares of the stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the transaction, the director now owns 19,541 shares in the company, valued at approximately $1,540,807.85. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP Jeffrey Michael Zeiler acquired 15,112 shares of the stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $6.31 per share, with a total value of $95,356.72. 0.26% of the stock is owned by company insiders.
Shares of NYSE:D opened at $80.28 on Friday. The firm has a market cap of $66.96 billion, a P/E ratio of 19.82, a P/E/G 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. 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 simple moving average of $81.53 and a 200 day simple moving average of $77.81.
Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 11.65% and a net margin of 6.40%. Dominion Energy’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $1.15 EPS. As a group, equities research analysts expect that Dominion Energy Inc will post 4.2 EPS for the current year.
The business also recently announced 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 4.57%. Dominion Energy’s dividend payout ratio is currently 90.62%.
Several research firms recently weighed in on D. Wells Fargo & Co raised 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, November 4th. Morgan Stanley raised their price objective on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. cut their price objective on Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $81.45.
Dominion Energy 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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