Gillespie Robinson & Grimm Inc. acquired a new position in Dominion Energy Inc. (NYSE:D) during the 4th quarter, Holdings Channel reports. The fund acquired 3,700 shares of the utilities provider’s stock, valued at approximately $300,000.
Several other institutional investors have also modified their holdings of D. MPS Loria Financial Planners LLC bought a new stake in shares of Dominion Energy in the second quarter worth $103,000. Johnson Financial Group Inc. grew its stake 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. Pacad Investment Ltd. acquired a new position in Dominion Energy in the second quarter valued at $107,000. Monroe Bank & Trust MI lifted its holdings in Dominion Energy by 36.1% in the second quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after buying an additional 400 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in Dominion Energy by 183.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after buying an additional 1,000 shares during the period. 64.60% of the stock is currently owned by institutional investors.
Shares of Dominion Energy Inc. (D) traded down $0.81 during midday trading on Wednesday, hitting $77.21. 3,484,700 shares of the stock traded hands, compared to its average volume of 6,451,683. Dominion Energy Inc. has a 52-week low of $70.87 and a 52-week high of $85.30. The firm has a market capitalization of $49,690.00, a price-to-earnings ratio of 22.78, a P/E/G ratio of 3.37 and a beta of 0.30. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.99%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is currently 90.86%.
In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
D has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a 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 target price on the stock in a report on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Goldman Sachs Group restated a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Finally, Bank of America initiated coverage on shares of Dominion Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $82.20.
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Dominion Energy 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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