Greenleaf Trust Decreases Position in Dominion Energy Inc (D)

Greenleaf Trust trimmed its position in shares of Dominion Energy Inc (NYSE:D) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,510 shares of the utilities provider’s stock after selling 1,188 shares during the period. Greenleaf Trust’s holdings in Dominion Energy were worth $447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in Dominion Energy by 0.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 448,059 shares of the utilities provider’s stock worth $36,320,000 after purchasing an additional 2,385 shares during the period. Willingdon Wealth Management increased its stake in Dominion Energy by 12,483.1% in the 4th quarter. Willingdon Wealth Management now owns 36,491 shares of the utilities provider’s stock worth $2,958,000 after purchasing an additional 36,201 shares during the period. Pinnacle Financial Partners Inc. increased its stake in Dominion Energy by 11.7% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 38,117 shares of the utilities provider’s stock worth $3,090,000 after purchasing an additional 3,991 shares during the period. Cetera Advisor Networks LLC increased its stake in Dominion Energy by 12.3% in the 4th quarter. Cetera Advisor Networks LLC now owns 35,810 shares of the utilities provider’s stock worth $2,905,000 after purchasing an additional 3,932 shares during the period. Finally, Cetera Advisors LLC increased its stake in Dominion Energy by 26.4% in the 4th quarter. Cetera Advisors LLC now owns 29,136 shares of the utilities provider’s stock worth $2,354,000 after purchasing an additional 6,087 shares during the period. 64.57% of the stock is currently owned by institutional investors.

Shares of Dominion Energy Inc (NYSE D) opened at $75.42 on Friday. The firm has a market capitalization of $47,917.42, a P/E ratio of 15.36, a PEG ratio of 2.60 and a beta of 0.20. Dominion Energy Inc has a 1 year low of $72.40 and a 1 year high of $85.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. equities research analysts anticipate that Dominion Energy Inc will post 4.05 earnings per share for the current year.

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 given a dividend of $0.835 per share. The ex-dividend date is Thursday, March 1st. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a dividend yield of 4.43%. Dominion Energy’s payout ratio is currently 62.73%.

In related news, Director John W. Harris sold 2,665 shares of Dominion Energy stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Harris sold 11,254 shares of Dominion Energy stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total value of $899,644.76. Following the sale, the director now owns 13,282 shares in the company, valued at $1,061,763.08. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

D has been the topic of a number of analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, January 17th. Bank of America set a $87.00 price objective on Dominion Energy and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. UBS Group initiated coverage on Dominion Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price objective on the stock. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, January 30th. Finally, Morgan Stanley lifted their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $82.09.

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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.

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

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