Cutler Investment Counsel LLC Increases Stake in Dominion Energy Inc. (D)
Cutler Investment Counsel LLC grew its holdings in Dominion Energy Inc. (NYSE:D) by 1.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 104,677 shares of the utilities provider’s stock after buying an additional 1,683 shares during the period. Dominion Energy accounts for approximately 1.9% of Cutler Investment Counsel LLC’s portfolio, making the stock its 25th largest position. Cutler Investment Counsel LLC’s holdings in Dominion Energy were worth $8,053,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in shares of Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of Dominion Energy during the second quarter worth about $103,000. Tortoise Capital Advisors L.L.C. increased its stake in shares of Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 1,076 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Dominion Energy during the second quarter worth about $107,000. Finally, Enterprise Financial Services Corp increased its stake in shares of Dominion Energy by 5.8% during the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 80 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.
In related news, Director John W. Harris sold 5,616 shares of the company’s 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 accessible through this link. 0.37% of the stock is owned by corporate insiders.
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Dominion Energy Inc. (NYSE:D) traded down $0.16 during mid-day trading on Monday, hitting $81.16. 402,303 shares of the stock traded hands, compared to its average volume of 2,336,157. The firm has a market capitalization of $52,330.00, a price-to-earnings ratio of 22.16, a PEG ratio of 4.05 and a beta of 0.29. Dominion Energy Inc. has a twelve month low of $70.54 and a twelve month high of $83.64. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 earnings per share. sell-side analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 3.79%. Dominion Energy’s dividend payout ratio is currently 89.09%.
Several brokerages have weighed in on D. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $77.00 target price on shares of Dominion Energy in a research report on Monday, August 21st. Deutsche Bank AG upped their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Gabelli restated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $80.70.
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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