Dominion Energy Inc (D) Holdings Reduced by Keybank National Association OH
Keybank National Association OH reduced its holdings in Dominion Energy Inc (NYSE:D) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 335,365 shares of the utilities provider’s stock after selling 13,821 shares during the period. Keybank National Association OH’s holdings in Dominion Energy were worth $27,185,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its position in Dominion Energy by 0.7% in the second quarter. Cetera Investment Advisers now owns 5,704 shares of the utilities provider’s stock valued at $437,000 after acquiring an additional 37 shares during the period. FTB Advisors Inc. grew its position in Dominion Energy by 0.9% in the second quarter. FTB Advisors Inc. now owns 9,064 shares of the utilities provider’s stock valued at $695,000 after acquiring an additional 79 shares during the period. Altavista Wealth Management Inc. grew its position in Dominion Energy by 1.7% in the second quarter. Altavista Wealth Management Inc. now owns 6,089 shares of the utilities provider’s stock valued at $467,000 after acquiring an additional 104 shares during the period. Moors & Cabot Inc. grew its position in Dominion Energy by 1.2% in the second quarter. Moors & Cabot Inc. now owns 8,619 shares of the utilities provider’s stock valued at $656,000 after acquiring an additional 106 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in Dominion Energy by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 9,341 shares of the utilities provider’s stock valued at $716,000 after acquiring an additional 108 shares during the period. 64.57% of the stock is currently owned by institutional investors.
D has been the topic of a number of analyst reports. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Wednesday, January 17th. Bank of America set a $87.00 price target on Dominion Energy and gave the company a “buy” rating in a research report on Wednesday, January 3rd. UBS Group initiated coverage on Dominion Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price target on the stock. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, January 30th. Finally, Morgan Stanley upped their price target on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.09.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. sell-side analysts expect that Dominion Energy Inc will post 4.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be paid a $0.835 dividend. The ex-dividend date is Thursday, March 1st. This represents a $3.34 dividend on an annualized basis and a yield of 4.49%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s payout ratio is currently 62.73%.
In other news, Director John W. Harris sold 11,254 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the transaction, the director now owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the transaction, the director now directly owns 13,282 shares in the company, valued at approximately $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
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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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