Manchester Capital Management LLC Raises Position in Dominion Energy Inc (D)

Manchester Capital Management LLC increased its position in shares of Dominion Energy Inc (NYSE:D) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,255 shares of the utilities provider’s stock after acquiring an additional 146 shares during the period. Manchester Capital Management LLC’s holdings in Dominion Energy were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Heritage Trust Co lifted its stake in shares of Dominion Energy by 58.8% in the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 150 shares during the period. Clean Yield Group acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $40,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $70,000. Parkside Financial Bank & Trust lifted its stake in shares of Dominion Energy by 20.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 182 shares during the period. Finally, We Are One Seven LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $89,000. Institutional investors and hedge funds own 67.97% of the company’s stock.

D has been the topic of a number of research reports. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. Wells Fargo & Co upped their price target on Dominion Energy from $73.00 to $80.00 and gave the stock a “market perform” rating in a research note on Monday, December 17th. Barclays set a $79.00 price target on Dominion Energy and gave the stock a “buy” rating in a research note on Saturday, November 17th. UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $75.00 to $84.00 in a research note on Thursday, November 29th. Finally, Zacks Investment Research reaffirmed a “sell” rating on shares of Dominion Energy in a research note on Monday, December 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $85.55.

Shares of D opened at $73.05 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. The company has a market cap of $47.96 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.87 and a beta of 0.21. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.19.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.13 billion. Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Analysts expect that Dominion Energy Inc will post 4.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.9175 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, February 28th. Dominion Energy’s payout ratio is currently 82.47%.

In related news, CFO James R. Chapman acquired 4,053 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was purchased at an average cost of $74.02 per share, with a total value of $300,003.06. Following the acquisition, the chief financial officer now owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Diane Leopold sold 2,500 shares of the business’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 value of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

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

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