Bartlett & Co. LLC Has $1.62 Million Stake in Dominion Energy Inc (NYSE:D)

Bartlett & Co. LLC raised its stake in shares of Dominion Energy Inc (NYSE:D) by 742.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,022 shares of the utilities provider’s stock after purchasing an additional 17,646 shares during the period. Bartlett & Co. LLC’s holdings in Dominion Energy were worth $1,623,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $26,000. Manchester Financial Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $27,000. NuWave Investment Management LLC boosted its stake in shares of Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after buying an additional 319 shares during the last quarter. Atwater Malick LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Finally, Personal Wealth Partners purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 65.28% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Co boosted their target price on Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Morgan Stanley lifted their price target on shares of Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. One investment 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 has an average rating of “Hold” and a consensus price target of $81.45.

In other Dominion Energy news, Director Michael E. Szymanczyk bought 21,400 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the acquisition, the director now directly owns 19,541 shares of the company’s stock, valued at approximately $1,540,807.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Diane Leopold sold 11,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total transaction of $948,520.00. Following the sale, the chief executive officer now directly owns 60,564 shares in the company, valued at approximately $4,995,318.72. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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NYSE:D opened at $80.28 on Friday. 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 capitalization of $66.96 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 4.03 and a beta of 0.22. The firm’s 50 day moving average is $81.53 and its 200 day moving average is $77.81. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $83.73.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. Dominion Energy’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. Research analysts predict that Dominion Energy Inc will post 4.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.57%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

Dominion Energy 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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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