Dominion Energy Inc (D) Shares Sold by Capital Investment Counsel Inc
Capital Investment Counsel Inc lessened its stake in Dominion Energy Inc (NYSE:D) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,034 shares of the utilities provider’s stock after selling 295 shares during the quarter. Capital Investment Counsel Inc’s holdings in Dominion Energy were worth $288,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its holdings in shares of Dominion Energy by 17.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 28,613 shares of the utilities provider’s stock valued at $2,045,000 after buying an additional 4,261 shares during the period. Exane Asset Management boosted its holdings in shares of Dominion Energy by 52.2% in the fourth quarter. Exane Asset Management now owns 24,644 shares of the utilities provider’s stock valued at $1,761,000 after buying an additional 8,449 shares during the period. Comerica Securities Inc. boosted its holdings in Dominion Energy by 23.9% during the fourth quarter. Comerica Securities Inc. now owns 8,878 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 1,714 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in Dominion Energy during the fourth quarter worth $4,665,000. Finally, Montecito Bank & Trust acquired a new position in Dominion Energy during the fourth quarter worth $376,000. Institutional investors own 67.97% of the company’s stock.
Several brokerages recently commented on D. JPMorgan Chase & Co. cut shares of Dominion Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $79.00 to $73.00 in a report on Tuesday, January 22nd. Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Macquarie set a $78.00 target price on shares of Dominion Energy and gave the stock a “buy” rating in a report on Monday, January 14th. Bank of America cut shares of Dominion Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $72.00 to $69.00 in a report on Friday, January 11th. Finally, ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.55.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted $0.91 earnings per share. Dominion Energy’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 5.02%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 82.47%.
In other Dominion Energy news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the sale, the chief executive officer now directly owns 48,677 shares in the company, valued at $3,471,156.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James R. Chapman acquired 4,053 shares of Dominion Energy stock in a transaction on Wednesday, December 19th. The shares were purchased at an average price of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the purchase, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at $1,647,389.12. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by company insiders.
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About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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