Alpha Omega Wealth Management LLC Decreases Stake in Dominion Energy Inc (D)

Alpha Omega Wealth Management LLC lessened its position in Dominion Energy Inc (NYSE:D) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,724 shares of the utilities provider’s stock after selling 1,525 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Dominion Energy were worth $2,085,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Dominion Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wells Fargo & Company MN lifted its position in Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares in the last quarter. Legal & General Group Plc lifted its position in Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares in the last quarter. Commonwealth Bank of Australia raised its position in Dominion Energy by 0.9% in the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock valued at $325,607,000 after purchasing an additional 36,643 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in Dominion Energy by 24.1% in the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock valued at $271,408,000 after purchasing an additional 684,637 shares during the period. Hedge funds and other institutional investors own 64.61% of the company’s stock.

In related news, Director John W. Harris sold 2,665 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the completion of the transaction, the director now directly owns 13,282 shares of the company’s stock, valued at approximately $1,070,529.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Harris sold 11,254 shares of the business’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total value of $899,644.76. Following the transaction, the director now directly owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

D has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Citigroup lifted their target price on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Bank of America initiated coverage on Dominion Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 target price on the stock. Finally, Gabelli restated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $82.09.

Shares of Dominion Energy Inc (NYSE D) opened at $74.38 on Friday. Dominion Energy Inc has a one year low of $71.59 and a one year high of $85.30. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $47,870.00, a price-to-earnings ratio of 15.15, a PEG ratio of 2.80 and a beta of 0.20.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. sell-side analysts predict that Dominion Energy Inc will post 4.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be paid a $0.835 dividend. The ex-dividend date is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.49%. Dominion Energy’s payout ratio is presently 62.73%.

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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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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