Hennion & Walsh Asset Management Inc. decreased its position in Dominion Energy, Inc. (NYSE:D – Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,050 shares of the utilities provider’s stock after selling 1,805 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Dominion Energy were worth $1,009,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AIA Group Ltd boosted its stake in Dominion Energy by 159.2% during the fourth quarter. AIA Group Ltd now owns 6,916 shares of the utilities provider’s stock worth $424,000 after acquiring an additional 4,248 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $39,943,000. Resources Investment Advisors LLC. grew its stake in shares of Dominion Energy by 10.2% in the 4th quarter. Resources Investment Advisors LLC. now owns 5,563 shares of the utilities provider’s stock worth $341,000 after buying an additional 515 shares during the last quarter. Mutual Advisors LLC increased its position in Dominion Energy by 182.0% during the 4th quarter. Mutual Advisors LLC now owns 25,324 shares of the utilities provider’s stock valued at $1,553,000 after buying an additional 16,343 shares in the last quarter. Finally, Pendal Group Ltd purchased a new position in Dominion Energy during the fourth quarter valued at $427,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Dominion Energy Trading Down 1.4 %
Shares of Dominion Energy stock opened at $52.35 on Friday. Dominion Energy, Inc. has a 1-year low of $48.47 and a 1-year high of $86.28. The company’s fifty day simple moving average is $53.00 and its 200-day simple moving average is $56.67. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.75 and a quick ratio of 0.62. The stock has a market capitalization of $43.76 billion, a PE ratio of 36.61, a P/E/G ratio of 0.71 and a beta of 0.45.
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Friday, June 2nd were given a $0.6675 dividend. The ex-dividend date was Thursday, June 1st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.10%. Dominion Energy’s payout ratio is currently 186.71%.
Insider Transactions at Dominion Energy
In other news, COO Diane Leopold sold 6,250 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $49.16, for a total value of $307,250.00. Following the completion of the transaction, the chief operating officer now owns 100,115 shares of the company’s stock, valued at $4,921,653.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. JPMorgan Chase & Co. reduced their price objective on shares of Dominion Energy from $63.00 to $55.00 in a research note on Friday, June 9th. Morgan Stanley upped their target price on shares of Dominion Energy from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 20th. BMO Capital Markets reduced their price target on shares of Dominion Energy from $63.00 to $59.00 in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on Dominion Energy from $61.00 to $55.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.36.
Dominion Energy Profile
Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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