Dominion Energy, Inc. (D) Shares Bought by Pinnacle Financial Partners Inc.
Pinnacle Financial Partners Inc. lifted its position in Dominion Energy, Inc. (NYSE:D) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,126 shares of the utilities provider’s stock after purchasing an additional 3,626 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Dominion Energy were worth $2,625,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in D. Tradewinds Capital Management LLC grew its position in Dominion Energy by 0.9% in 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 in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Dominion Energy in the second quarter worth $103,000. Tortoise Capital Advisors L.L.C. grew its position in Dominion Energy by 336.3% in 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 in the last quarter. Pacad Investment Ltd. purchased a new position in Dominion Energy in the second quarter worth $107,000. Finally, Enterprise Financial Services Corp grew its position in Dominion Energy by 5.8% in 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 in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Bank of America Corporation initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 target price for the company. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Citigroup Inc. upped their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Fifteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently 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 $0.17 during trading hours on Tuesday, hitting $81.15. 1,486,400 shares of the stock traded hands, compared to its average volume of 2,332,364. The company has a market capitalization of $52,330.00, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 4.05 and a beta of 0.29. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. Dominion Energy, Inc. has a 52-week low of $70.87 and a 52-week high of $83.64.
Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 21.89% and a return on equity of 17.07%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. equities research analysts expect that Dominion Energy, Inc. will post 3.6 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.80%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is 89.09%.
In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now directly 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.
About Dominion Energy
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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