Keystone Financial Planning Inc. raised its position in shares of Dominion Energy Inc (NYSE:D) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,573 shares of the utilities provider’s stock after buying an additional 1,522 shares during the quarter. Dominion Energy accounts for 3.5% of Keystone Financial Planning Inc.’s portfolio, making the stock its 11th largest position. Keystone Financial Planning Inc.’s holdings in Dominion Energy were worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Heritage Trust Co raised its position in Dominion Energy by 58.8% during the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 150 shares in the last quarter. Clean Yield Group bought a new position in Dominion Energy during the fourth quarter valued at approximately $40,000. Patriot Financial Group Insurance Agency LLC raised its position in Dominion Energy by 245.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 799 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 568 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Dominion Energy during the fourth quarter valued at approximately $70,000. Finally, Parkside Financial Bank & Trust raised its position in Dominion Energy by 20.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 182 shares in the last quarter. 67.97% of the stock is owned by institutional investors.
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Several equities analysts recently weighed in on D shares. Macquarie set a $78.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a research report on Monday, January 14th. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $75.00 to $84.00 in a research report on Thursday, November 29th. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a research report on Saturday, November 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $85.55.
Shares of D stock opened at $72.81 on Tuesday. Dominion Energy Inc has a 12 month low of $61.53 and a 12 month high of $77.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.87 and a beta of 0.21.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. On average, sell-side analysts anticipate that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal 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. The ex-dividend date is Thursday, February 28th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 dividend on an annualized basis and a dividend yield of 5.04%. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.
In related news, CFO James R. Chapman bought 4,053 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the transaction, the chief financial officer now 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 SEC, which is available through the SEC website. Also, CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the transaction, the chief executive officer now owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.
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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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