D.A. Davidson & CO. Purchases 956 Shares of Dominion Energy Inc (NYSE:D)

D.A. Davidson & CO. lifted its position in Dominion Energy Inc (NYSE:D) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,800 shares of the utilities provider’s stock after buying an additional 956 shares during the period. D.A. Davidson & CO.’s holdings in Dominion Energy were worth $2,577,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in D. Benjamin Edwards Inc. bought a new position in Dominion Energy in the second quarter worth about $26,000. Manchester Financial Inc. bought a new position in Dominion Energy in the second quarter worth about $27,000. NuWave Investment Management LLC raised its holdings in 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 purchasing an additional 319 shares in the last quarter. Atwater Malick LLC bought a new position in Dominion Energy in the third quarter worth about $28,000. Finally, Personal Wealth Partners bought a new position in Dominion Energy in the second quarter worth about $36,000. Hedge funds and other institutional investors own 63.92% of the company’s stock.

A number of brokerages have commented on D. Morgan Stanley boosted their target price on shares of Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Wells Fargo & Co boosted their target price on shares of Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. dropped 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. Finally, Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.45.

In related news, CEO Diane Leopold sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total value of $948,520.00. Following the sale, the chief executive officer now owns 60,564 shares in the company, valued at $4,995,318.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael E. Szymanczyk bought 21,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $78.85 per share, for a total transaction of $1,687,390.00. Following the transaction, the director now owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The disclosure for this purchase can be found here. 0.26% of the stock is owned by corporate insiders.

Shares of D stock opened at $81.56 on Friday. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $83.73. The firm has a market capitalization of $65.62 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 3.97 and a beta of 0.22. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.37 and a current ratio of 0.51. The stock’s 50-day simple moving average is $81.49 and its 200-day simple moving average is $77.93.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy Inc will post 4.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.50%. Dominion Energy’s dividend payout ratio is currently 90.62%.

Dominion Energy Company 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.

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

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