Flputnam Investment Management Co. decreased its holdings in Dominion Energy, Inc. (NYSE:D – Free Report) by 8.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,772 shares of the utilities provider’s stock after selling 368 shares during the quarter. Flputnam Investment Management Co.’s holdings in Dominion Energy were worth $211,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of D. Simplicity Solutions LLC increased its stake in Dominion Energy by 247.4% during the 1st quarter. Simplicity Solutions LLC now owns 20,934 shares of the utilities provider’s stock worth $1,170,000 after acquiring an additional 14,908 shares during the period. Arizona State Retirement System lifted its position in Dominion Energy by 0.3% during the first quarter. Arizona State Retirement System now owns 227,519 shares of the utilities provider’s stock worth $12,721,000 after purchasing an additional 686 shares during the period. Securian Asset Management Inc. grew its stake in Dominion Energy by 0.5% during the first quarter. Securian Asset Management Inc. now owns 68,858 shares of the utilities provider’s stock worth $3,850,000 after buying an additional 355 shares in the last quarter. Alpha Cubed Investments LLC bought a new position in Dominion Energy in the 1st quarter valued at about $326,000. Finally, Maple Brown Abbott Ltd raised its position in shares of Dominion Energy by 0.9% in the 1st quarter. Maple Brown Abbott Ltd now owns 1,119,200 shares of the utilities provider’s stock valued at $62,574,000 after buying an additional 9,750 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.
Insider Transactions at Dominion Energy
In related news, COO Diane Leopold sold 6,250 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $49.16, for a total transaction of $307,250.00. Following the sale, the chief operating officer now owns 100,115 shares of the company’s stock, valued at approximately $4,921,653.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by corporate insiders.
Dominion Energy Trading Down 0.8 %
Dominion Energy (NYSE:D – Get Free Report) last announced its earnings results on Friday, May 5th. The utilities provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Dominion Energy had a return on equity of 12.67% and a net margin of 7.05%. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. On average, analysts predict that Dominion Energy, Inc. will post 3.68 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Friday, June 2nd were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, June 1st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.07%. Dominion Energy’s dividend payout ratio is presently 186.71%.
Analysts Set New Price Targets
D has been the topic of several analyst reports. BMO Capital Markets reduced their price target on shares of Dominion Energy from $59.00 to $58.00 in a research report on Tuesday, July 11th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. 51job reissued a “maintains” rating on shares of Dominion Energy in a report on Friday, June 9th. Morgan Stanley raised their price objective on Dominion Energy from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Dominion Energy in a report on Wednesday, June 7th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.00.
About Dominion Energy
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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