Nachman Norwood & Parrott Inc cut its holdings in Dominion Energy Inc (NYSE:D) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 49,694 shares of the utilities provider’s stock after selling 300 shares during the period. Dominion Energy comprises approximately 0.7% of Nachman Norwood & Parrott Inc’s investment portfolio, making the stock its 26th biggest holding. Nachman Norwood & Parrott Inc’s holdings in Dominion Energy were worth $4,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the company. Interactive Financial Advisors acquired a new stake in Dominion Energy during the first quarter worth approximately $26,000. Benjamin Edwards Inc. acquired a new stake in Dominion Energy during the second quarter worth approximately $26,000. Manchester Financial Inc. acquired a new stake in Dominion Energy during the second quarter worth approximately $27,000. NuWave Investment Management LLC boosted its position in Dominion Energy by 651.0% during 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 stake in Dominion Energy during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 65.11% of the company’s stock.
In other Dominion Energy news, VP Jeffrey Michael Zeiler bought 15,112 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $6.31 per share, with a total value of $95,356.72. Also, Director Michael E. Szymanczyk bought 21,400 shares of the business’s 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 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. Company insiders own 0.26% of the company’s stock.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The company 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%. Dominion Energy’s revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. On average, analysts predict that Dominion Energy Inc will post 4.14 EPS for the current fiscal year.
The business also recently declared 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. This represents a $3.67 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, September 5th. Dominion Energy’s dividend payout ratio is currently 90.62%.
D has been the topic of a number of analyst reports. Morgan Stanley set a $84.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Friday, August 16th. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Dominion Energy presently has a consensus rating of “Hold” and an average price target of $79.64.
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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