Dominion Energy Inc (D) Position Lifted by Hanson McClain Inc.
Hanson McClain Inc. increased its position in shares of Dominion Energy Inc (NYSE:D) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,134 shares of the utilities provider’s stock after acquiring an additional 441 shares during the quarter. Hanson McClain Inc.’s holdings in Dominion Energy were worth $164,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in Dominion Energy by 6,957.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 4,955,630 shares during the last quarter. Norges Bank purchased a new stake in Dominion Energy during the 4th quarter worth approximately $305,535,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Dominion Energy by 34.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock worth $1,069,671,000 after purchasing an additional 3,801,740 shares during the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after purchasing an additional 1,697,619 shares during the last quarter. Finally, Millennium Management LLC grew its position in Dominion Energy by 93.4% during the 4th quarter. Millennium Management LLC now owns 3,418,868 shares of the utilities provider’s stock worth $244,312,000 after purchasing an additional 1,651,497 shares during the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.
NYSE:D opened at $78.05 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35. The firm has a market cap of $62.05 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 3.76 and a beta of 0.23. Dominion Energy Inc has a fifty-two week low of $61.53 and a fifty-two week high of $78.14.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.
In other news, Director D Maybank Hagood acquired 1,965 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $76.34 per share, with a total value of $150,008.10. Following the completion of the acquisition, the director now owns 2,975 shares of the company’s stock, valued at approximately $227,111.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the sale, the director now directly owns 23,598 shares of the company’s stock, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on D shares. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, April 8th. Argus restated a “buy” rating on shares of Dominion Energy in a research report on Wednesday, February 27th. Macquarie cut shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Credit Suisse Group set a $77.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, nine have given 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 $85.00.
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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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