1,790 Shares in Dominion Energy Inc (D) Purchased by Psagot Investment House Ltd.
Psagot Investment House Ltd. purchased a new position in shares of Dominion Energy Inc (NYSE:D) in the third quarter, Holdings Channel reports. The fund purchased 1,790 shares of the utilities provider’s stock, valued at approximately $126,000.
Several other institutional investors have also bought and sold shares of D. Kaizen Advisory LLC increased its holdings in Dominion Energy by 136.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 851 shares in the last quarter. First Hawaiian Bank acquired a new position in Dominion Energy in the 3rd quarter worth about $132,000. Bridgeworth LLC acquired a new position in Dominion Energy in the 2nd quarter worth about $166,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Dominion Energy by 310.6% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,644 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Patton Albertson Miller Group LLC acquired a new position in Dominion Energy in the 3rd quarter worth about $185,000. 67.45% of the stock is owned by institutional investors.
In other Dominion Energy news, Director John W. Harris bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were bought at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the transaction, the director now directly owns 17,495 shares in the company, valued at $1,244,769.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Dominion Energy Inc will post 4.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.62%. Dominion Energy’s payout ratio is 92.78%.
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 $82.00 price target on the stock in a research report on Monday, October 22nd. Bank of America reduced their price target on Dominion Energy from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Wells Fargo & Co reiterated a “hold” rating and issued a $76.00 price target (up previously from $73.00) on shares of Dominion Energy in a research report on Monday, September 17th. Scotiabank initiated coverage on Dominion Energy in a research report on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $84.50.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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