Evercore Wealth Management LLC increased its position in Dominion Energy Inc (NYSE:D) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,161 shares of the utilities provider’s stock after buying an additional 1,091 shares during the period. Evercore Wealth Management LLC’s holdings in Dominion Energy were worth $1,698,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of D. BlackRock Inc. boosted its stake in Dominion Energy by 0.8% during the 3rd quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock valued at $3,245,357,000 after purchasing an additional 345,036 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in Dominion Energy by 40.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 8,028,891 shares of the utilities provider’s stock valued at $549,725,000 after purchasing an additional 2,316,005 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Dominion Energy by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after purchasing an additional 1,413,097 shares during the last quarter. Legal & General Group Plc boosted its stake in Dominion Energy by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 4,551,354 shares of the utilities provider’s stock valued at $310,311,000 after purchasing an additional 34,408 shares during the last quarter. Finally, FMR LLC boosted its stake in Dominion Energy by 8.2% during the 3rd quarter. FMR LLC now owns 4,189,492 shares of the utilities provider’s stock valued at $294,438,000 after purchasing an additional 319,075 shares during the last quarter. Institutional investors own 66.99% of the company’s stock.
In related news, CFO James R. Chapman purchased 4,053 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The stock was bought at an average cost of $74.02 per share, with a total value of $300,003.06. Following the completion of the purchase, the chief financial officer now directly owns 22,256 shares in the company, valued at $1,647,389.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.
Shares of D stock opened at $74.89 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $81.67. The firm has a market cap of $48.65 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.86 and a beta of 0.18.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts expect that Dominion Energy Inc will post 4.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 20th. Stockholders of record on Friday, December 7th were paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Thursday, December 6th. Dominion Energy’s dividend payout ratio (DPR) is 92.78%.
D has been the subject of a number of analyst reports. Wells Fargo & Co reiterated a “hold” rating and set a $76.00 price target (up previously from $73.00) on shares of Dominion Energy in a research note on Monday, September 17th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, September 18th. Argus lifted their target price on shares of Dominion Energy from $74.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. They noted that the move was a valuation call. Macquarie set a $74.00 target price on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Finally, ValuEngine raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $85.82.
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Dominion Energy Profile
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure.
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