Transamerica Financial Advisors Inc. Has $3.43 Million Position in Dominion Energy Inc. (NYSE:D)
Transamerica Financial Advisors Inc. decreased its position in Dominion Energy Inc. (NYSE:D) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,201 shares of the utilities provider’s stock after selling 176 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Dominion Energy were worth $3,429,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. HCR Wealth Advisors bought a new position in Dominion Energy during the fourth quarter worth approximately $231,000. Cigna Investments Inc. New bought a new position in Dominion Energy during the fourth quarter worth approximately $1,761,000. Boothbay Fund Management LLC bought a new position in Dominion Energy during the fourth quarter worth approximately $489,000. Summit Global Investments bought a new position in Dominion Energy during the fourth quarter worth approximately $1,271,000. Finally, Shepherd Financial Partners LLC bought a new position in Dominion Energy during the fourth quarter worth approximately $359,000. 66.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (NYSE:D) traded down 0.41% on Friday, hitting $78.08. 2,025,932 shares of the company traded hands. The firm’s 50-day moving average is $77.52 and its 200 day moving average is $77.14. The firm has a market capitalization of $49.04 billion, a P/E ratio of 22.59 and a beta of 0.28. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.14% and a net margin of 17.48%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, analysts anticipate that Dominion Energy Inc. will post $3.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
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D has been the subject of a number of research reports. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 10th. Deutsche Bank AG increased their price target on shares of Dominion Energy from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Barclays PLC reissued an “overweight” rating and set a $89.00 price target (up previously from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Morgan Stanley dropped their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Finally, Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $80.57.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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