Dominion Energy Inc (D) Position Cut by Forsta AP Fonden

Forsta AP Fonden cut its position in shares of Dominion Energy Inc (NYSE:D) by 8.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,620 shares of the utilities provider’s stock after selling 7,300 shares during the quarter. Forsta AP Fonden’s holdings in Dominion Energy were worth $6,130,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MPS Loria Financial Planners LLC purchased a new stake in Dominion Energy during the second quarter worth $103,000. Johnson Financial Group Inc. boosted its holdings in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after buying an additional 800 shares in the last quarter. American Research & Management Co. lifted its holdings in Dominion Energy by 159.7% during the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 875 shares in the last quarter. MHI Funds LLC purchased a new position in Dominion Energy during the fourth quarter valued at $119,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Dominion Energy by 183.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 1,000 shares in the last quarter. 64.57% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director John W. Harris sold 2,665 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Harris sold 11,254 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the completion of the sale, the director now owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

D has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, January 17th. Bank of America set a $87.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a report on Wednesday, January 3rd. UBS Group initiated coverage on shares of Dominion Energy in a report on Friday, February 2nd. They set a “buy” rating and a $85.00 price objective on the stock. Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.09.

Shares of Dominion Energy Inc (NYSE:D) opened at $74.34 on Thursday. The company has a market cap of $48,387.96, a PE ratio of 15.14, a PEG ratio of 2.63 and a beta of 0.20. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. Dominion Energy Inc has a 12-month low of $71.96 and a 12-month high of $85.30.

Dominion Energy (NYSE:D) last issued its earnings results on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. sell-side analysts anticipate that Dominion Energy Inc will post 4.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.49%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. Dominion Energy’s dividend payout ratio is 62.73%.

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About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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