Covington Capital Management Purchases 4,625 Shares of Dominion Energy Inc (D)
Covington Capital Management increased its position in shares of Dominion Energy Inc (NYSE:D) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,202 shares of the utilities provider’s stock after acquiring an additional 4,625 shares during the period. Covington Capital Management’s holdings in Dominion Energy were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in Dominion Energy by 4.4% during the fourth quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock worth $3,650,316,000 after buying an additional 1,902,352 shares during the last quarter. Geode Capital Management LLC increased its position in Dominion Energy by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 6,419,395 shares of the utilities provider’s stock worth $519,194,000 after buying an additional 237,339 shares during the last quarter. Wells Fargo & Company MN increased its position in Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares during the last quarter. Bank of New York Mellon Corp increased its position in Dominion Energy by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,976,622 shares of the utilities provider’s stock worth $403,404,000 after buying an additional 90,236 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares during the last quarter. Institutional investors and hedge funds own 65.33% of the company’s stock.
In related news, Director John W. Harris sold 2,665 shares of Dominion Energy stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the sale, the director now directly owns 13,282 shares of the company’s stock, valued at $1,070,529.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John W. Harris sold 11,254 shares of Dominion Energy stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $79.94, for a total value of $899,644.76. Following the sale, the director now directly owns 13,282 shares in the company, valued at $1,061,763.08. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Shares of Dominion Energy Inc (D) traded up $0.43 during trading hours on Wednesday, hitting $73.43. The stock had a trading volume of 515,286 shares, compared to its average volume of 4,551,503. The firm has a market capitalization of $47,541.75, a P/E ratio of 14.87, a P/E/G ratio of 2.55 and a beta of 0.23. Dominion Energy Inc has a 12 month low of $71.91 and a 12 month high of $85.30. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.60.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share. research analysts predict that Dominion Energy Inc will post 4.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be given a $0.835 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s dividend payout ratio (DPR) is currently 68.02%.
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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