Taylor Hoffman Wealth Management lifted its stake in Dominion Energy Inc (NYSE:D) by 8.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 52,778 shares of the utilities provider’s stock after buying an additional 4,128 shares during the quarter. Dominion Energy makes up about 3.0% of Taylor Hoffman Wealth Management’s holdings, making the stock its 2nd biggest holding. Taylor Hoffman Wealth Management’s holdings in Dominion Energy were worth $4,277,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in Dominion Energy during the 2nd quarter valued at $26,000. Atwater Malick LLC acquired a new stake in Dominion Energy during the 3rd quarter valued at $28,000. Manchester Financial Inc. bought a new position in Dominion Energy in the 2nd quarter valued at $27,000. NuWave Investment Management LLC boosted its position in Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after buying an additional 319 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC bought a new position in Dominion Energy in the 3rd quarter valued at $37,000. 65.28% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:D traded down $0.03 during midday trading on Friday, hitting $80.28. The company had a trading volume of 3,311,186 shares, compared to its average volume of 3,993,832. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $83.73. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1.20. The stock has a market cap of $66.96 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 4.03 and a beta of 0.22. The firm has a fifty day simple moving average of $81.53 and a 200 day simple moving average of $77.81.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s dividend payout ratio is currently 90.62%.
A number of research analysts have commented on the company. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Morgan Stanley increased their price objective on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Co increased their price objective on Dominion Energy from $83.00 to $88.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $81.45.
In other Dominion Energy news, VP Jeffrey Michael Zeiler bought 15,112 shares of Dominion Energy stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $6.31 per share, for a total transaction of $95,356.72. Also, CEO Diane Leopold sold 11,500 shares of Dominion Energy stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total value of $948,520.00. Following the transaction, the chief executive officer now owns 60,564 shares in the company, valued at $4,995,318.72. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.
Dominion Energy Company Profile
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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