Advisors Management Group Inc. ADV lessened its stake in Dominion Energy Inc (NYSE:D) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,994 shares of the utilities provider’s stock after selling 165 shares during the quarter. Dominion Energy accounts for approximately 1.6% of Advisors Management Group Inc. ADV’s holdings, making the stock its 26th biggest position. Advisors Management Group Inc. ADV’s holdings in Dominion Energy were worth $3,556,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new position in Dominion Energy in the 2nd quarter worth approximately $26,000. Interactive Financial Advisors purchased a new stake in shares of Dominion Energy during the 1st quarter worth approximately $26,000. Manchester Financial Inc. purchased a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Dominion Energy by 133.3% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Finally, NuWave Investment Management LLC raised 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 acquiring an additional 319 shares in the last quarter. 65.11% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research report on Thursday, July 4th. Morgan Stanley set a $84.00 price objective on Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Co set a $83.00 price target on Dominion Energy and gave the company a “hold” rating in a research note on Friday, August 30th. Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. Finally, TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. 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 has an average rating of “Hold” and an average price target of $79.64.
In related news, VP Jeffrey Michael Zeiler acquired 15,112 shares of the business’s stock in a transaction on 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 acquired 21,400 shares of the business’s stock in a transaction on Friday, September 13th. The stock was bought 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 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.
NYSE D traded up $0.12 on Friday, hitting $81.90. 3,000,049 shares of the company’s stock were exchanged, compared to its average volume of 3,599,079. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42. The firm’s 50-day moving average price is $79.10 and its two-hundred day moving average price is $77.02. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $82.59. The firm has a market cap of $65.80 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 4.06 and a beta of 0.22.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, research analysts predict that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.
The firm 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 dividend yield of 4.48%. The ex-dividend date was Thursday, September 5th. Dominion Energy’s dividend payout ratio is presently 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.
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