WealthTrust Axiom LLC Increases Stake in Dominion Energy Inc (NYSE:D)

WealthTrust Axiom LLC increased its position in Dominion Energy Inc (NYSE:D) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,223 shares of the utilities provider’s stock after acquiring an additional 640 shares during the quarter. WealthTrust Axiom LLC’s holdings in Dominion Energy were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Benjamin Edwards Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $26,000. Manchester Financial Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $27,000. NuWave Investment Management LLC boosted its position in shares of Dominion Energy by 651.0% during the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 319 shares during the last quarter. Atwater Malick LLC bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. Finally, Personal Wealth Partners bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $36,000. 65.28% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the company. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Co boosted their target price on Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley boosted their target price on Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.45.

Shares of D traded down $0.03 during mid-day trading on Friday, hitting $80.28. 3,311,186 shares of the company’s stock traded hands, compared to its average volume of 3,993,832. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.20. Dominion Energy Inc has a 1 year low of $67.41 and a 1 year high of $83.73. The firm has a market capitalization of $66.96 billion, a P/E ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22. The business’s 50-day moving average price is $81.53 and its 200-day moving average price is $77.81.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s dividend payout ratio is presently 90.62%.

In related news, CEO Diane Leopold sold 11,500 shares of Dominion Energy stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total transaction of $948,520.00. Following the sale, the chief executive officer now directly owns 60,564 shares in the company, valued at $4,995,318.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $78.85 per share, for a total transaction of $1,687,390.00. Following the completion of the transaction, the director now directly owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.

Dominion Energy 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.

Further Reading: Cost of Equity For A Business, Investors

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

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