Murphy Middleton Hinkle & Parker Inc. Takes Position in Dominion Energy Inc (D)

Murphy Middleton Hinkle & Parker Inc. acquired a new position in Dominion Energy Inc (NYSE:D) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,233 shares of the utilities provider’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Culbertson A N & Co. Inc. grew its position in Dominion Energy by 0.6% in the 1st quarter. Culbertson A N & Co. Inc. now owns 24,940 shares of the utilities provider’s stock worth $1,912,000 after purchasing an additional 154 shares during the period. Spirit of America Management Corp NY purchased a new position in Dominion Energy during the first quarter valued at $5,077,000. Gemmer Asset Management LLC lifted its holdings in Dominion Energy by 44.3% during the first quarter. Gemmer Asset Management LLC now owns 743 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 228 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Dominion Energy by 14.6% during the first quarter. New Mexico Educational Retirement Board now owns 63,773 shares of the utilities provider’s stock valued at $4,889,000 after purchasing an additional 8,101 shares in the last quarter. Finally, Fruth Investment Management lifted its holdings in Dominion Energy by 8.8% during the first quarter. Fruth Investment Management now owns 12,620 shares of the utilities provider’s stock valued at $967,000 after purchasing an additional 1,020 shares in the last quarter. 58.90% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on D shares. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Wolfe Research set a $79.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a report on Monday, March 18th. Mizuho assumed coverage on shares of Dominion Energy in a report on Monday, March 11th. They issued a “neutral” rating and a $76.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Dominion Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $78.00 target price on the stock. Finally, Argus reissued a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Dominion Energy has an average rating of “Hold” and an average target price of $85.08.

In related news, Director D Maybank Hagood acquired 1,965 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the transaction, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Shares of Dominion Energy stock traded up $0.32 on Wednesday, hitting $75.44. The company’s stock had a trading volume of 906,204 shares, compared to its average volume of 3,835,821. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $77.50. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $60.05 billion, a PE ratio of 18.63, a P/E/G ratio of 3.11 and a beta of 0.22.

Dominion Energy (NYSE:D) last released its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. Dominion Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. On average, research analysts expect that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.86%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date was Thursday, February 28th. Dominion Energy’s dividend payout ratio is 90.62%.

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Dominion Energy Company 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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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