Hayek Kallen Investment Management Acquires 636 Shares of Dominion Energy Inc (NYSE:D)

Hayek Kallen Investment Management lifted its holdings in Dominion Energy Inc (NYSE:D) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,247 shares of the utilities provider’s stock after purchasing an additional 636 shares during the quarter. Dominion Energy accounts for approximately 1.8% of Hayek Kallen Investment Management’s investment portfolio, making the stock its 24th biggest holding. Hayek Kallen Investment Management’s holdings in Dominion Energy were worth $2,856,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in D. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 1.9% in the second quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock valued at $5,066,345,000 after purchasing an additional 1,241,779 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Dominion Energy by 1.6% in the second quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock valued at $4,351,431,000 after purchasing an additional 892,554 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Dominion Energy by 12.4% in the second quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock valued at $981,214,000 after purchasing an additional 1,398,000 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Dominion Energy by 5.0% in the second quarter. Northern Trust Corp now owns 10,133,515 shares of the utilities provider’s stock valued at $783,524,000 after purchasing an additional 480,345 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Dominion Energy by 5.4% in the second 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 purchasing an additional 343,181 shares during the last quarter. 65.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael E. Szymanczyk bought 21,400 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the completion of the acquisition, the director now owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Diane Leopold sold 11,500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total transaction of $948,520.00. Following the completion of the transaction, the chief executive officer now directly owns 60,564 shares of the company’s stock, valued at approximately $4,995,318.72. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Shares of D stock traded down $0.03 on Friday, hitting $80.28. The company’s stock had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $83.73. The stock’s 50 day moving average is $81.53 and its 200-day moving average is $77.81. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.51. The company has a market capitalization of $66.96 billion, a PE ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. Dominion Energy’s revenue was up 23.7% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy Inc will post 4.2 earnings per share 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 dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a yield of 4.57%. Dominion Energy’s dividend payout ratio is 90.62%.

D has been the topic of several research reports. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Co upped their price target on shares of Dominion Energy from $83.00 to $88.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upped their price target on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.45.

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

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