Brookstone Capital Management grew its position in shares of Dominion Energy Inc (NYSE:D) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,809 shares of the utilities provider’s stock after buying an additional 9,182 shares during the quarter. Brookstone Capital Management’s holdings in Dominion Energy were worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in D. Benjamin Edwards Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $26,000. Manchester Financial Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. NuWave Investment Management LLC grew its holdings in shares of Dominion Energy by 651.0% during the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 319 shares in the last quarter. Atwater Malick LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Finally, Personal Wealth Partners acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 65.28% of the company’s stock.
In other Dominion Energy news, CEO Diane Leopold sold 11,500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total value of $948,520.00. Following the completion of the sale, the chief executive officer now directly owns 60,564 shares in the company, valued at $4,995,318.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the completion of the acquisition, the director now directly owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.
Several analysts recently commented on D shares. Morgan Stanley boosted their price target on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Finally, TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average target price of $81.45.
Dominion Energy stock traded down $0.03 on Friday, reaching $80.28. The company’s stock had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. The company has a market cap of $66.96 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22. Dominion Energy Inc has a twelve month low of $67.41 and a twelve month high of $83.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.51. The business’s fifty day moving average price is $81.53 and its 200 day moving average price is $77.81.
Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. As a group, equities analysts forecast that Dominion Energy Inc will post 4.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.57%. Dominion Energy’s dividend payout ratio is presently 90.62%.
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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