Dominion Energy Inc (NYSE:D) Stake Lessened by Allred Capital Management LLC

Allred Capital Management LLC lowered its holdings in Dominion Energy Inc (NYSE:D) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,107 shares of the utilities provider’s stock after selling 232 shares during the period. Allred Capital Management LLC’s holdings in Dominion Energy were worth $414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Interactive Financial Advisors acquired a new position in shares of Dominion Energy in the first quarter worth $26,000. Benjamin Edwards Inc. acquired a new position in shares of Dominion Energy in the second quarter worth $26,000. Manchester Financial Inc. acquired a new position in shares of Dominion Energy in the second quarter worth $27,000. NuWave Investment Management LLC increased its stake in shares of Dominion Energy by 651.0% in the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 319 shares during the last quarter. Finally, Personal Wealth Partners acquired a new position in shares of Dominion Energy in the second quarter worth $36,000. Institutional investors own 65.11% of the company’s stock.

Several research firms have commented on D. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $79.00 to $80.00 in a research report on Thursday, June 13th. They noted that the move was a valuation call. Wells Fargo & Co set a $83.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Friday, August 30th. TheStreet raised shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Finally, Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price on the stock. in a research report on Thursday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $79.64.

In other Dominion Energy news, VP Jeffrey Michael Zeiler purchased 15,112 shares of the stock in a transaction dated Thursday, September 12th. The shares were bought at an average cost of $6.31 per share, with a total value of $95,356.72. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $78.85 per share, for a total transaction of $1,687,390.00. Following the completion of the transaction, the director now owns 19,541 shares of the company’s stock, valued at approximately $1,540,807.85. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Dominion Energy stock traded down $0.28 during mid-day trading on Monday, hitting $81.42. 102,072 shares of the company’s stock were exchanged, compared to its average volume of 3,719,978. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38. The stock has a market cap of $63.97 billion, a P/E ratio of 20.10, a P/E/G ratio of 3.97 and a beta of 0.22. Dominion Energy Inc has a 1-year low of $67.41 and a 1-year high of $81.76. The stock has a 50 day moving average of $78.45 and a two-hundred day moving average of $76.81.

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. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The business’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. As a group, research analysts predict that Dominion Energy Inc will post 4.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Thursday, September 5th. Dominion Energy’s dividend payout ratio is currently 90.62%.

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.

Further Reading: Holder of Record

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

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