Dominion Energy Inc. (D) Stake Raised by Advantage Investment Management LLC
Advantage Investment Management LLC lifted its position in Dominion Energy Inc. (NYSE:D) by 101.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,981 shares of the utilities provider’s stock after buying an additional 2,001 shares during the quarter. Advantage Investment Management LLC’s holdings in Dominion Energy were worth $306,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its position in shares of 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 purchasing an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter worth approximately $103,000. Johnson Financial Group Inc. increased its position in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 800 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of 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 purchasing an additional 1,076 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Dominion Energy in the second quarter worth approximately $107,000. 64.68% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on D. J P Morgan Chase & Co upped their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, October 3rd. Gabelli restated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, Citigroup upped their price objective on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Fourteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $80.70.
Dominion Energy Inc. (NYSE:D) opened at $83.55 on Tuesday. Dominion Energy Inc. has a 52-week low of $70.87 and a 52-week high of $84.47. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market cap of $53,770.00, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 4.11 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 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.31 billion. During the same period last year, the business earned $1.14 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. equities research analysts predict that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.86%.
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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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