Dominion Energy Inc (D) Stake Lifted by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lifted its holdings in shares of Dominion Energy Inc (NYSE:D) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 6,947 shares of the utilities provider’s stock after acquiring an additional 152 shares during the period. Flagship Harbor Advisors LLC’s holdings in Dominion Energy were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc boosted its stake in Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after buying an additional 825,191 shares in the last quarter. BlackRock Inc. boosted its stake in Dominion Energy by 2.2% in the fourth quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock worth $3,373,599,000 after buying an additional 1,032,107 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Dominion Energy by 34.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock worth $1,069,671,000 after buying an additional 3,801,740 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after buying an additional 1,697,619 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Dominion Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock worth $599,737,000 after buying an additional 613,093 shares in the last quarter. 58.90% of the stock is owned by institutional investors.

Shares of Dominion Energy stock opened at $75.12 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. The company has a market cap of $60.05 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 3.11 and a beta of 0.22. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.50.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, February 1st. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. Dominion Energy’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. On average, equities analysts predict that Dominion Energy Inc will post 4.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Thursday, February 28th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio is currently 90.62%.

Several analysts have weighed in on D shares. Bank of America downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $72.00 to $69.00 in a research report on Friday, January 11th. Zacks Investment Research reiterated a “sell” rating on shares of Dominion Energy in a research report on Monday, December 31st. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $79.00 to $73.00 in a research report on Tuesday, January 22nd. Finally, Macquarie downgraded Dominion Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $85.08.

In related news, CEO Diane Leopold sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total transaction of $178,275.00. Following the completion of the transaction, the chief executive officer now owns 48,677 shares in the company, valued at $3,471,156.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director D Maybank Hagood bought 1,965 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $76.34 per share, with a total value of $150,008.10. Following the acquisition, the director now owns 2,975 shares of the company’s stock, valued at $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is owned by corporate insiders.

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Dominion Energy Company 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.

Read More: Intrinsic Value

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

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