Douglas Lane & Associates LLC decreased its stake in Dominion Energy Inc (NYSE:D) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,568 shares of the utilities provider’s stock after selling 250 shares during the period. Douglas Lane & Associates LLC’s holdings in Dominion Energy were worth $208,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of D. Benjamin Edwards Inc. bought a new stake in shares of Dominion Energy during the second quarter worth about $26,000. Manchester Financial Inc. bought a new position in shares of Dominion Energy in the 2nd quarter worth $27,000. NuWave Investment Management LLC increased its holdings in shares of Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after buying an additional 319 shares during the last quarter. Atwater Malick LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth $28,000. Finally, Personal Wealth Partners bought a new position in shares of Dominion Energy in the 2nd quarter worth $36,000. 65.18% of the stock is currently owned by hedge funds and other institutional investors.
D has been the topic of several recent research reports. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price on the stock. in a report on Thursday, July 4th. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a report on Monday. Finally, Morgan Stanley increased their target price on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $81.09.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the company posted $0.86 EPS. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. Equities analysts forecast that Dominion Energy Inc will post 4.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a dividend of $0.9175 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a yield of 4.45%. Dominion Energy’s dividend payout ratio is currently 90.62%.
In other news, VP Jeffrey Michael Zeiler acquired 15,112 shares of Dominion Energy stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $6.31 per share, for a total transaction of $95,356.72. Also, Director Michael E. Szymanczyk acquired 21,400 shares of Dominion Energy stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the completion of the purchase, the director now owns 19,541 shares in the company, valued at approximately $1,540,807.85. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.
Dominion Energy Profile
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.
Recommended Story: Average Daily Trade Volume – What It Means In Stock Trading
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.