First Mercantile Trust Co. raised its position in Dominion Energy Inc (NYSE:D) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,219 shares of the utilities provider’s stock after purchasing an additional 566 shares during the period. First Mercantile Trust Co.’s holdings in Dominion Energy were worth $1,159,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in D. Advisors Asset Management Inc. lifted its holdings in shares of Dominion Energy by 654.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 77,824 shares of the utilities provider’s stock worth $5,306,000 after acquiring an additional 67,507 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Dominion Energy by 464.9% during the 2nd quarter. Schroder Investment Management Group now owns 217,879 shares of the utilities provider’s stock worth $14,918,000 after acquiring an additional 179,310 shares during the period. Atria Investments LLC increased its position in Dominion Energy by 8.8% during the 3rd quarter. Atria Investments LLC now owns 36,208 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 2,933 shares in the last quarter. ACG Wealth increased its position in Dominion Energy by 19.1% during the 3rd quarter. ACG Wealth now owns 6,642 shares of the utilities provider’s stock worth $467,000 after purchasing an additional 1,066 shares in the last quarter. Finally, Aurora Investment Counsel increased its position in Dominion Energy by 4.1% during the 3rd quarter. Aurora Investment Counsel now owns 25,847 shares of the utilities provider’s stock worth $1,817,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors own 67.13% of the company’s stock.
Shares of NYSE:D opened at $71.45 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $77.19. The company has a market capitalization of $46.59 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.63 and a beta of 0.21.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be given a $0.9175 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.67 annualized dividend and a yield of 5.14%. Dominion Energy’s dividend payout ratio (DPR) is 82.47%.
In other news, CFO James R. Chapman acquired 4,053 shares of the stock in a transaction on Wednesday, December 19th. The stock was bought at an average price of $74.02 per share, with a total value of $300,003.06. Following the completion of the transaction, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at $1,647,389.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.
A number of analysts recently issued reports on the stock. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. Wells Fargo & Co increased their target price on shares of Dominion Energy from $73.00 to $80.00 and gave the stock a “market perform” rating in a research report on Monday, December 17th. Barclays set a $79.00 target price on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $75.00 to $84.00 in a research report on Thursday, November 29th. Finally, Zacks Investment Research reissued a “sell” rating on shares of Dominion Energy in a research report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $85.55.
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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