Dominion Energy Inc (NYSE:D) Director Michael E. Szymanczyk bought 21,400 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $78.85 per share, for a total transaction of $1,687,390.00. Following the purchase, the director now owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE:D traded up $0.12 during trading hours on Friday, hitting $81.90. The stock had a trading volume of 3,000,049 shares, compared to its average volume of 3,599,079. The business’s 50 day moving average is $79.10 and its 200-day moving average is $77.02. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. Dominion Energy Inc has a one year low of $67.41 and a one year high of $82.59. The company has a market cap of $65.80 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 4.06 and a beta of 0.22.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, sell-side analysts anticipate that Dominion Energy Inc will post 4.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Thursday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.
A number of research firms have commented on D. Morgan Stanley set a $84.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price on the stock. in a research report on Thursday, July 4th. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Co set a $83.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research 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 assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $79.64.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in 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. grew its holdings in shares of Dominion Energy by 1.6% during the 2nd 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. grew its holdings in shares of Dominion Energy by 12.4% during the 2nd 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 grew its holdings in shares of Dominion Energy by 5.0% during the 2nd 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, Geode Capital Management LLC grew its holdings in shares of 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 valued at $646,097,000 after purchasing an additional 1,697,619 shares during the last quarter. 65.11% of the stock is owned by institutional investors and hedge funds.
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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