Landsberg Bennett & Dubbaneh LLC Makes New Investment in Dominion Energy Inc (NYSE:D)

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Landsberg Bennett & Dubbaneh LLC purchased a new position in Dominion Energy Inc (NYSE:D) during the third quarter, HoldingsChannel reports. The institutional investor purchased 2,491 shares of the utilities provider’s stock, valued at approximately $202,000.

A number of other large investors have also modified their holdings of D. Successful Portfolios LLC raised its holdings in shares of Dominion Energy by 6.1% in the 3rd quarter. Successful Portfolios LLC now owns 4,870 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 279 shares during the period. Foster Victor Wealth Advisors LLC raised its holdings in shares of Dominion Energy by 62.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 13,713 shares of the utilities provider’s stock worth $1,113,000 after purchasing an additional 5,254 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Dominion Energy by 11.6% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 36,225 shares of the utilities provider’s stock worth $2,936,000 after purchasing an additional 3,776 shares during the period. Truvestments Capital LLC raised its holdings in shares of Dominion Energy by 49.9% in the 3rd quarter. Truvestments Capital LLC now owns 14,714 shares of the utilities provider’s stock worth $1,192,000 after purchasing an additional 4,897 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of Dominion Energy by 15.8% in the 3rd quarter. Pacer Advisors Inc. now owns 89,005 shares of the utilities provider’s stock worth $7,213,000 after purchasing an additional 12,155 shares during the period. 65.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:D opened at $81.90 on Friday. The company has a market cap of $65.80 billion, a P/E ratio of 20.22, a PEG ratio of 4.06 and a beta of 0.22. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. Dominion Energy Inc has a one year low of $67.41 and a one year high of $82.59. The business’s 50-day simple moving average is $79.10 and its 200 day simple moving average is $77.02.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company’s revenue was up 28.6% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Analysts predict that Dominion Energy Inc will post 4.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.9175 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.48%. Dominion Energy’s payout ratio is currently 90.62%.

In other Dominion Energy news, Director Michael E. Szymanczyk acquired 21,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $78.85 per share, for a total transaction of $1,687,390.00. Following the acquisition, the director now directly owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey Michael Zeiler acquired 15,112 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $6.31 per share, for a total transaction of $95,356.72. Company insiders own 0.26% of the company’s stock.

D has been the topic of a number of research reports. Morgan Stanley set a $84.00 price objective on Dominion Energy and gave the stock a “hold” rating in a report on Friday, August 16th. Wells Fargo & Co set a $83.00 target price on Dominion Energy and gave the company a “hold” rating in a report on Friday, August 30th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. Finally, TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $79.64.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. 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.

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

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