Thomas F. Farrell II Buys 4,000 Shares of Dominion Energy (D) Stock

Dominion Energy (NYSE:D) insider Thomas F. Farrell II bought 4,000 shares of the stock in a transaction dated Thursday, May 10th. The stock was purchased at an average cost of $63.44 per share, with a total value of $253,760.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dominion Energy opened at $64.70 on Friday, MarketBeat reports. Dominion Energy has a 1 year low of $62.31 and a 1 year high of $85.30. The company has a quick ratio of 0.30, a current ratio of 0.46 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $40.90 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.27.

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Dominion Energy (NYSE:D) last posted its earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.11. Dominion Energy had a return on equity of 12.88% and a net margin of 23.74%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. equities research analysts anticipate that Dominion Energy will post 4.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be paid a $0.835 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $3.34 dividend on an annualized basis and a yield of 5.16%. Dominion Energy’s payout ratio is 92.78%.

A number of equities research analysts recently commented on the company. UBS assumed coverage on Dominion Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Hilliard Lyons raised Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, January 30th. Bank of America decreased their price objective on Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, JPMorgan Chase cut Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research note on Friday, March 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $75.67.

A number of large investors have recently bought and sold shares of D. Daiwa Securities Group Inc. lifted its holdings in shares of Dominion Energy by 3.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,211 shares of the utilities provider’s stock valued at $1,557,000 after purchasing an additional 682 shares in the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of Dominion Energy by 1.9% in the fourth quarter. Van Hulzen Asset Management LLC now owns 38,011 shares of the utilities provider’s stock valued at $3,081,000 after purchasing an additional 700 shares in the last quarter. First Bank & Trust lifted its holdings in shares of Dominion Energy by 2.7% in the fourth quarter. First Bank & Trust now owns 27,415 shares of the utilities provider’s stock valued at $2,223,000 after purchasing an additional 733 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Dominion Energy by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,851 shares of the utilities provider’s stock valued at $1,528,000 after purchasing an additional 746 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Dominion Energy by 1.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 71,910 shares of the utilities provider’s stock valued at $5,829,000 after purchasing an additional 749 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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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