Willingdon Wealth Management raised its stake in Dominion Energy Inc (NYSE:D) by 12,483.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,491 shares of the utilities provider’s stock after acquiring an additional 36,201 shares during the quarter. Willingdon Wealth Management’s holdings in Dominion Energy were worth $2,958,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. MPS Loria Financial Planners LLC bought a new position in Dominion Energy in the 2nd quarter valued at approximately $103,000. Johnson Financial Group Inc. raised its holdings in Dominion Energy by 146.8% in the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. American Research & Management Co. raised its holdings in Dominion Energy by 159.7% in the 4th quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after buying an additional 875 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Dominion Energy by 183.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after buying an additional 1,000 shares during the last quarter. Finally, MHI Funds LLC bought a new position in Dominion Energy in the 4th quarter valued at approximately $119,000. 64.57% of the stock is owned by hedge funds and other institutional investors.
D has been the subject of a number of research reports. Bank of America initiated coverage on shares of Dominion Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price objective for the company. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, January 17th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Morgan Stanley raised their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Citigroup raised their price objective on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus target price of $82.09.
Shares of Dominion Energy Inc (NYSE:D) opened at $75.12 on Tuesday. The firm has a market cap of $47,943.21, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.60 and a beta of 0.20. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. Dominion Energy Inc has a 52-week low of $71.96 and a 52-week high of $85.30.
Dominion Energy (NYSE:D) last released its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. equities research analysts forecast 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. Shareholders of record on Friday, March 2nd will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s dividend payout ratio is currently 62.73%.
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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