Allegis Investment Advisors LLC reduced its position in shares of Dominion Energy Inc (NYSE:D) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,080 shares of the utilities provider’s stock after selling 18,074 shares during the period. Allegis Investment Advisors LLC’s holdings in Dominion Energy were worth $817,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new position in shares of Dominion Energy during the second quarter valued at approximately $1,115,000. Verition Fund Management LLC purchased a new stake in shares of Dominion Energy during the second quarter valued at approximately $995,000. Shell Asset Management Co. grew its holdings in shares of Dominion Energy by 64.7% during the third quarter. Shell Asset Management Co. now owns 343,550 shares of the utilities provider’s stock valued at $23,736,000 after buying an additional 134,951 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Dominion Energy by 27.5% during the second quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock valued at $595,000 after buying an additional 1,674 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dominion Energy during the second quarter valued at approximately $528,000. 64.57% of the stock is owned by institutional investors.
Shares of Dominion Energy Inc (NYSE:D) traded up $0.35 during midday trading on Thursday, reaching $74.69. 747,368 shares of the company’s stock were exchanged, compared to its average volume of 5,073,462. Dominion Energy Inc has a one year low of $72.40 and a one year high of $85.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market cap of $48,387.96, a P/E ratio of 15.14, a P/E/G ratio of 2.63 and a beta of 0.20.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be paid a dividend of $0.835 per share. The ex-dividend date is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.47%. Dominion Energy’s payout ratio is currently 62.73%.
A number of equities research analysts have recently commented on the stock. Bank of America cut their price target on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. UBS Group initiated coverage on shares of Dominion Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $85.00 target price on the stock. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 30th. Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target on the stock in a research note on Thursday, December 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.09.
In other news, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,070,529.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the completion of the sale, the director now directly owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
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About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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