Dominion Energy Inc (NYSE:D) CEO Diane Leopold sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the completion of the transaction, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE:D opened at $71.93 on Wednesday. The firm has a market capitalization of $46.91 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.21. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62.
Dominion Energy (NYSE:D) last issued its 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). The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. Dominion Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities analysts forecast that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Thursday, February 28th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.
A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of Dominion Energy by 6,957.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 4,955,630 shares during the period. Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after acquiring an additional 1,413,097 shares during the period. Morgan Stanley increased its position in shares of Dominion Energy by 46.1% in the third quarter. Morgan Stanley now owns 3,759,391 shares of the utilities provider’s stock valued at $264,209,000 after acquiring an additional 1,185,720 shares during the period. Vanguard Group Inc increased its position in shares of Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after acquiring an additional 825,191 shares during the period. Finally, Zimmer Partners LP increased its position in shares of Dominion Energy by 299.0% in the third quarter. Zimmer Partners LP now owns 700,591 shares of the utilities provider’s stock valued at $49,238,000 after acquiring an additional 525,000 shares during the period. Institutional investors own 67.13% of the company’s stock.
A number of research firms have recently issued reports on D. Barclays began coverage on shares of Dominion Energy in a report on Monday, October 22nd. They set a “buy” rating and a $78.00 price objective for the company. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price objective for the company in a report on Tuesday, October 9th. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $84.00 in a report on Thursday, November 29th. Finally, Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.55.
Dominion Energy Company Profile
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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