Wagner Wealth Management LLC raised its stake in Dominion Energy Inc (NYSE:D) by 859.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,919 shares of the utilities provider’s stock after purchasing an additional 1,719 shares during the period. Wagner Wealth Management LLC’s holdings in Dominion Energy were worth $135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC increased its position in shares of Dominion Energy by 18.0% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,608 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 702 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Dominion Energy by 0.3% in the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock valued at $17,852,000 after buying an additional 726 shares in the last quarter. Good Life Advisors LLC grew its holdings in Dominion Energy by 6.4% in the 3rd quarter. Good Life Advisors LLC now owns 12,415 shares of the utilities provider’s stock valued at $873,000 after buying an additional 748 shares in the last quarter. Cahill Financial Advisors Inc. grew its holdings in Dominion Energy by 17.8% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 5,035 shares of the utilities provider’s stock valued at $344,000 after buying an additional 760 shares in the last quarter. Finally, Taylor Hoffman Wealth Management grew its holdings in Dominion Energy by 1.4% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 54,011 shares of the utilities provider’s stock valued at $3,796,000 after buying an additional 767 shares in the last quarter. Institutional investors own 67.45% of the company’s stock.
NYSE:D traded up $0.44 during mid-day trading on Friday, reaching $71.66. 11,349 shares of the stock were exchanged, compared to its average volume of 3,397,006. The company has a market capitalization of $46.29 billion, a PE ratio of 19.91, a P/E/G ratio of 2.86 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 1.58. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $85.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Thursday, December 6th. Dominion Energy’s dividend payout ratio is currently 92.78%.
In other news, Director John W. Harris purchased 10,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, with a total value of $711,500.00. Following the completion of the transaction, the director now owns 17,495 shares in the company, valued at $1,244,769.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.
Several brokerages have recently commented on D. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Tuesday, August 7th. Guggenheim reaffirmed a “buy” rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, July 23rd. Argus upped their price target on Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Macquarie set a $74.00 price target on Dominion Energy and gave the company a “buy” rating in a research note on Tuesday, September 25th. Finally, Barclays began coverage on Dominion Energy in a research note on Monday, October 22nd. They issued a “buy” rating and a $78.00 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Dominion Energy has an average rating of “Buy” and an average target price of $84.50.
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Dominion Energy Profile
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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