Donaldson Capital Management LLC Has $26.88 Million Holdings in Dominion Energy Inc. (D)
Donaldson Capital Management LLC raised its position in shares of Dominion Energy Inc. (NYSE:D) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 349,454 shares of the utilities provider’s stock after purchasing an additional 9,204 shares during the quarter. Dominion Energy accounts for about 2.8% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Donaldson Capital Management LLC owned 0.05% of Dominion Energy worth $26,883,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in D. Municipal Employees Retirement System of Michigan increased its stake in Dominion Energy by 0.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 33,030 shares of the utilities provider’s stock valued at $2,562,000 after purchasing an additional 220 shares in the last quarter. United Services Automobile Association grew its stake in shares of Dominion Energy by 1.0% in the first quarter. United Services Automobile Association now owns 526,111 shares of the utilities provider’s stock worth $40,810,000 after acquiring an additional 5,175 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Dominion Energy by 10.6% in the first quarter. OppenheimerFunds Inc. now owns 19,879 shares of the utilities provider’s stock worth $1,542,000 after acquiring an additional 1,907 shares during the period. Principal Financial Group Inc. grew its stake in shares of Dominion Energy by 1.3% in the first quarter. Principal Financial Group Inc. now owns 888,270 shares of the utilities provider’s stock worth $68,903,000 after acquiring an additional 11,405 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after acquiring an additional 790,484 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.
A number of brokerages have recently commented on D. National Bank Financial lowered shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research note on Wednesday, October 4th. Citigroup Inc. lifted their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Deutsche Bank AG lifted their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Fifteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and an average target price of $80.70.
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Shares of Dominion Energy Inc. (D) traded down $0.27 during trading hours on Friday, reaching $81.96. 1,288,300 shares of the company’s stock traded hands, compared to its average volume of 2,338,999. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. Dominion Energy Inc. has a twelve month low of $70.54 and a twelve month high of $83.64. The stock has a market capitalization of $52,380.00, a P/E ratio of 22.41, a P/E/G ratio of 3.99 and a beta of 0.29.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. research analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a yield of 3.76%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 89.09%.
Dominion Energy 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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