Quantitative Systematic Strategies LLC acquired a new stake in Dominion Energy Inc (NYSE:D) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,592 shares of the utilities provider’s stock, valued at approximately $1,502,000.
A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Dominion Energy by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after buying an additional 1,413,097 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Dominion Energy by 17.5% in the third quarter. Canada Pension Plan Investment Board now owns 10,068 shares of the utilities provider’s stock valued at $708,000 after buying an additional 1,500 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Dominion Energy during the 3rd quarter worth approximately $481,000. JPMorgan Chase & Co. increased its stake in shares of Dominion Energy by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 605,578 shares of the utilities provider’s stock worth $42,560,000 after purchasing an additional 11,178 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Dominion Energy by 55.6% during the 3rd quarter. Man Group plc now owns 159,784 shares of the utilities provider’s stock worth $11,230,000 after purchasing an additional 57,115 shares in the last quarter. Hedge funds and other institutional investors own 58.90% of the company’s stock.
D stock opened at $75.12 on Wednesday. The company has a market capitalization of $60.05 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.11 and a beta of 0.22. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc has a one year low of $61.53 and a one year high of $77.50.
Dominion Energy (NYSE:D) last released its earnings results on Friday, February 1st. The utilities provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, sell-side analysts expect that Dominion Energy Inc will post 4.19 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a $0.9175 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Thursday, February 28th. Dominion Energy’s payout ratio is presently 90.62%.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Wolfe Research set a $79.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Monday, March 18th. Mizuho assumed coverage on shares of Dominion Energy in a research note on Monday, March 11th. They set a “neutral” rating and a $76.00 price objective for the company. Credit Suisse Group assumed coverage on shares of Dominion Energy in a research note on Friday, April 12th. They set a “neutral” rating and a $78.00 price objective for the company. Finally, Argus reissued a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.08.
In related news, CEO Diane Leopold sold 2,500 shares of Dominion Energy stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the transaction, the chief executive officer now owns 48,677 shares in the company, valued at approximately $3,471,156.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director D Maybank Hagood bought 1,965 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.
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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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