Ingalls & Snyder LLC Acquires 672 Shares of Dominion Energy Inc (NYSE:D)
Ingalls & Snyder LLC raised its holdings in Dominion Energy Inc (NYSE:D) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 97,545 shares of the utilities provider’s stock after purchasing an additional 672 shares during the period. Ingalls & Snyder LLC’s holdings in Dominion Energy were worth $7,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in D. Cambridge Trust Co. grew its holdings in shares of Dominion Energy by 2.1% in the 2nd quarter. Cambridge Trust Co. now owns 10,642 shares of the utilities provider’s stock worth $822,000 after purchasing an additional 215 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in Dominion Energy by 1.7% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 53,841 shares of the utilities provider’s stock worth $4,163,000 after buying an additional 915 shares in the last quarter. Capital Advisors Inc. OK lifted its position in Dominion Energy by 310.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 132,633 shares of the utilities provider’s stock worth $10,255,000 after buying an additional 100,333 shares in the last quarter. Cypress Wealth Services LLC lifted its position in Dominion Energy by 17.3% during the 2nd quarter. Cypress Wealth Services LLC now owns 6,062 shares of the utilities provider’s stock worth $469,000 after buying an additional 896 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in Dominion Energy by 8.3% during the 2nd quarter. Cetera Advisors LLC now owns 38,301 shares of the utilities provider’s stock worth $2,965,000 after buying an additional 2,946 shares in the last quarter. 65.18% of the stock is currently owned by hedge funds and other institutional investors.
D has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $78.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Co set a $83.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price target on the stock. in a research report on Thursday, July 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $80.82.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 28.6% compared to the same quarter last year. Analysts predict that Dominion Energy Inc will post 4.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.9175 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a yield of 4.50%. Dominion Energy’s payout ratio is presently 90.62%.
In other news, VP Jeffrey Michael Zeiler purchased 15,112 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $6.31 per share, for a total transaction of $95,356.72. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $78.85 per share, for a total transaction of $1,687,390.00. Following the completion of the transaction, the director now directly owns 19,541 shares in the company, valued at $1,540,807.85. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. 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.
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