Brookstone Capital Management grew its holdings in shares of Dominion Energy Inc (NYSE:D) by 96.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,936 shares of the utilities provider’s stock after acquiring an additional 10,758 shares during the quarter. Brookstone Capital Management’s holdings in Dominion Energy were worth $1,568,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in D. Manchester Capital Management LLC raised its position in shares of Dominion Energy by 4.7% during the fourth quarter. Manchester Capital Management LLC now owns 3,255 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 146 shares during the period. Heritage Trust Co raised its position in shares of Dominion Energy by 58.8% during the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 150 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Dominion Energy by 10.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,765 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 164 shares during the period. BerganKDV Wealth Management LLC raised its position in shares of Dominion Energy by 0.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 26,545 shares of the utilities provider’s stock worth $1,897,000 after purchasing an additional 164 shares during the period. Finally, Vigilant Capital Management LLC raised its position in shares of Dominion Energy by 14.3% during the fourth quarter. Vigilant Capital Management LLC now owns 1,320 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 165 shares during the period. Institutional investors own 67.97% of the company’s stock.
A number of equities research analysts have recently issued reports on D shares. Macquarie set a $78.00 target price on Dominion Energy and gave the stock a “buy” rating in a research report on Monday, January 14th. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $84.00 in a research report on Thursday, November 29th. Barclays set a $79.00 target price on Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. Finally, JPMorgan Chase & Co. cut their target price on Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $85.55.
In related news, CFO James R. Chapman purchased 4,053 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was bought at an average price of $74.02 per share, for a total transaction of $300,003.06. Following the purchase, the chief financial officer now owns 22,256 shares in the company, valued at approximately $1,647,389.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diane Leopold sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the sale, the chief executive officer now owns 48,677 shares of the company’s stock, valued at approximately $3,471,156.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.
Shares of D stock opened at $73.25 on Thursday. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $77.19. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The firm has a market cap of $48.05 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.87 and a beta of 0.21.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be paid a $0.9175 dividend. The ex-dividend date is Thursday, February 28th. This represents a $3.67 dividend on an annualized basis and a yield of 5.01%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s payout ratio is 82.47%.
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Dominion Energy 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.
Further Reading: Why investors pay attention to retained earnings
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