Ballentine Partners LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,270 shares of the company’s stock, valued at approximately $251,000.
Several other institutional investors also recently bought and sold shares of D. BlackRock Inc. raised its stake in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the company’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. raised its stake in Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the company’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wellington Management Group LLP raised its stake in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the company’s stock worth $2,371,472,000 after buying an additional 790,484 shares in the last quarter. Federated Investors Inc. PA raised its stake in Dominion Energy by 5.4% in the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the company’s stock worth $687,216,000 after buying an additional 461,484 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the company’s stock worth $468,223,000 after buying an additional 1,209,768 shares in the last quarter. 64.27% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Inc. (D) traded up C$0.55 during midday trading on Monday, reaching C$81.36. 542,012 shares of the company were exchanged, compared to its average volume of 2,348,881. The firm has a market capitalization of $52,220.00, a P/E ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a 52 week low of C$69.51 and a 52 week high of C$82.13. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last posted its earnings results on Monday, October 30th. The company reported C$1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.02 by C$0.02. The company had revenue of C$3.18 billion during the quarter, compared to the consensus estimate of C$3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. equities analysts predict that Dominion Energy Inc. will post 3.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.79%. Dominion Energy’s payout ratio is currently 89.09%.
Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Citigroup Inc. cut their price target on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Deutsche Bank AG lifted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Fifteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$80.70.
In related news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of C$80.71, for a total transaction of C$453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares in the company, valued at C$1,527,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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