Crossmark Global Holdings Inc. boosted its stake in shares of Dominion Energy Inc (NYSE:D) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,064 shares of the utilities provider’s stock after buying an additional 1,265 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dominion Energy were worth $4,463,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in D. Wsfs Capital Management LLC lifted its stake in shares of Dominion Energy by 0.4% in the 2nd quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 12 shares during the period. Cetera Investment Advisers lifted its stake in shares of Dominion Energy by 0.7% in the 2nd quarter. Cetera Investment Advisers now owns 5,704 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 37 shares during the period. FTB Advisors Inc. lifted its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. FTB Advisors Inc. now owns 9,064 shares of the utilities provider’s stock valued at $695,000 after purchasing an additional 79 shares during the period. Altavista Wealth Management Inc. lifted its stake in shares of Dominion Energy by 1.7% in the 2nd quarter. Altavista Wealth Management Inc. now owns 6,089 shares of the utilities provider’s stock valued at $467,000 after purchasing an additional 104 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of Dominion Energy by 1.2% in the 2nd quarter. Moors & Cabot Inc. now owns 8,619 shares of the utilities provider’s stock valued at $656,000 after purchasing an additional 106 shares during the period. 64.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research note on Thursday, December 14th. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Gabelli reissued a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $82.09.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.99 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. equities analysts anticipate that Dominion Energy Inc will post 4.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 4.56%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s payout ratio is presently 62.73%.
Dominion Energy 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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