Dominion Energy Inc (NYSE:D) Shares Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC grew its stake in shares of Dominion Energy Inc (NYSE:D) by 137.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,867 shares of the utilities provider’s stock after acquiring an additional 49,080 shares during the period. Dominion Energy comprises approximately 1.7% of Cornerstone Wealth Group LLC’s holdings, making the stock its 11th biggest position. Cornerstone Wealth Group LLC’s holdings in Dominion Energy were worth $6,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock valued at $5,066,345,000 after buying an additional 1,241,779 shares during the period. BlackRock Inc. boosted its holdings in shares of Dominion Energy by 1.6% in the 2nd quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock valued at $4,351,431,000 after buying an additional 892,554 shares during the period. Invesco Ltd. boosted its holdings in shares of Dominion Energy by 12.4% in the 2nd quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock valued at $981,214,000 after buying an additional 1,398,000 shares during the period. Northern Trust Corp boosted its holdings in shares of Dominion Energy by 5.0% in the 2nd quarter. Northern Trust Corp now owns 10,133,515 shares of the utilities provider’s stock valued at $783,524,000 after buying an additional 480,345 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Dominion Energy by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,708,987 shares of the utilities provider’s stock valued at $518,739,000 after buying an additional 343,181 shares during the period. 65.28% of the stock is owned by institutional investors.

In other Dominion Energy news, CEO Diane Leopold sold 11,500 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total transaction of $948,520.00. Following the sale, the chief executive officer now directly owns 60,564 shares in the company, valued at approximately $4,995,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought 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 approximately $1,540,807.85. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Several research analysts have recently commented on the stock. TheStreet raised shares of Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. Morgan Stanley lifted their price target on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $81.45.

Shares of NYSE:D opened at $80.28 on Friday. The company has a market cap of $66.96 billion, a PE ratio of 19.82, a P/E/G ratio of 4.03 and a beta of 0.22. The company’s 50-day moving average price is $81.53 and its 200 day moving average price is $77.81. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $83.73. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.20.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.51 billion. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. Dominion Energy’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $1.15 EPS. As a group, equities analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.57%. Dominion Energy’s dividend payout ratio is presently 90.62%.

About Dominion Energy

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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