Amalgamated Bank Increases Stock Position in Dominion Energy Inc. $D

Amalgamated Bank lifted its holdings in Dominion Energy Inc. (NYSE:D) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 167,039 shares of the utilities provider’s stock after purchasing an additional 1,264 shares during the period. Amalgamated Bank’s holdings in Dominion Energy were worth $9,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Patton Fund Management Inc. purchased a new stake in Dominion Energy during the second quarter valued at approximately $235,000. Central Pacific Bank Trust Division lifted its position in Dominion Energy by 28.3% during the second quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock valued at $3,193,000 after acquiring an additional 12,453 shares during the last quarter. Nordea Investment Management AB lifted its position in Dominion Energy by 4.5% during the second quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock valued at $4,185,000 after acquiring an additional 3,244 shares during the last quarter. AlphaQuest LLC purchased a new stake in Dominion Energy during the first quarter valued at approximately $27,000. Finally, Belpointe Asset Management LLC lifted its position in Dominion Energy by 63.2% during the first quarter. Belpointe Asset Management LLC now owns 15,705 shares of the utilities provider’s stock valued at $881,000 after acquiring an additional 6,079 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Evercore ISI assumed coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target for the company. Morgan Stanley raised their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Barclays raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $63.78.

Dominion Energy Trading Up 0.8%

Shares of Dominion Energy stock opened at $59.49 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a fifty day moving average price of $60.29 and a 200 day moving average price of $57.93. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The stock has a market cap of $50.77 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the acquisition, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.