First Midwest Bank Trust Division decreased its position in shares of Dominion Energy Inc (NYSE:D) by 18.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,857 shares of the utilities provider’s stock after selling 3,368 shares during the quarter. First Midwest Bank Trust Division’s holdings in Dominion Energy were worth $1,204,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its holdings in shares of Dominion Energy by 4.1% in the first quarter. First Trust Advisors LP now owns 905,878 shares of the utilities provider’s stock worth $69,445,000 after buying an additional 35,395 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Dominion Energy in the first quarter worth $636,000. Nordea Investment Management AB raised its holdings in shares of Dominion Energy by 47.9% in the first quarter. Nordea Investment Management AB now owns 56,722 shares of the utilities provider’s stock worth $4,349,000 after buying an additional 18,359 shares during the last quarter. Weaver Consulting Group acquired a new stake in shares of Dominion Energy in the first quarter worth $42,000. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of Dominion Energy by 6.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 457,011 shares of the utilities provider’s stock worth $35,034,000 after acquiring an additional 28,004 shares during the period. Institutional investors own 65.28% of the company’s stock.
In other Dominion Energy news, CEO Diane Leopold sold 11,500 shares of Dominion Energy stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total value of $948,520.00. Following the completion of the transaction, the chief executive officer now owns 60,564 shares of the company’s stock, valued at $4,995,318.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jeffrey Michael Zeiler bought 15,112 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $6.31 per share, for a total transaction of $95,356.72. 0.26% of the stock is owned by company insiders.
Several analysts recently commented on the stock. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Morgan Stanley raised their price target on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Wells Fargo & Co raised their price target on shares of Dominion Energy from $83.00 to $88.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $81.45.
Shares of Dominion Energy stock traded down $0.03 on Friday, reaching $80.28. The company had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. The firm’s 50 day moving average price is $81.53 and its two-hundred day moving average price is $77.81. Dominion Energy Inc has a 52-week low of $67.41 and a 52-week high of $83.73. The firm has a market cap of $66.96 billion, a PE ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.51.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. Dominion Energy’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. As a group, sell-side analysts predict that Dominion Energy Inc will post 4.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.57%. Dominion Energy’s dividend payout ratio (DPR) is 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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