Jarislowsky Fraser Ltd trimmed its holdings in Dominion Energy Inc. (NYSE:D) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,476 shares of the utilities provider’s stock after selling 1,718 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Dominion Energy were worth $16,268,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC raised its holdings in Dominion Energy by 0.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in Dominion Energy during the 2nd quarter worth about $103,000. Tortoise Capital Advisors L.L.C. raised its holdings in Dominion Energy by 336.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares during the period. Pacad Investment Ltd. acquired a new stake in Dominion Energy during the 2nd quarter worth about $107,000. Finally, Enterprise Financial Services Corp raised its holdings in Dominion Energy by 5.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after buying an additional 80 shares during the period. 64.27% of the stock is owned by institutional investors.
Dominion Energy Inc. (NYSE D) opened at $81.85 on Tuesday. The firm has a market capitalization of $52,003.64, a PE ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a twelve month low of $69.51 and a twelve month high of $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 issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. sell-side analysts forecast that Dominion Energy Inc. will post 3.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be issued a $0.77 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.76%. Dominion Energy’s dividend payout ratio is currently 89.09%.
Several analysts have issued reports on the company. National Bank Financial downgraded Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Deutsche Bank AG boosted their price objective on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Gabelli restated a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Fifteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.70.
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In related news, Director John W. Harris sold 5,616 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by corporate insiders.
Dominion Energy Company Profile
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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