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Strategic Wealth Management Group LLC Purchases New Stake in Dominion Energy Inc (D)
Posted by John. R. Edwardson on Apr 11th, 2019
Strategic Wealth Management Group LLC purchased a new stake in Dominion Energy Inc (NYSE:D) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 3,070 shares of the utilities provider's stock, valued at approximately $235,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of D. Nalls Sherbakoff Group LLC purchased a new position in Dominion Energy during the 4th quarter worth $26,000. Altshuler Shaham Ltd purchased a new position in Dominion Energy during the 4th quarter worth $27,000. Athena Capital Advisors LLC purchased a new position in Dominion Energy during the 4th quarter worth $28,000. Heritage Trust Co boosted its holdings in Dominion Energy by 58.8% during the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider's stock worth $29,000 after acquiring an additional 150 shares during the last quarter. Finally, Clarfeld Financial Advisors LLC purchased a new position in Dominion Energy during the 4th quarter worth $36,000. 58.83% of the stock is owned by institutional investors and hedge funds.
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Shares of D opened at $75.83 on Thursday. The company has a market capitalization of $60.62 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.09 and a beta of 0.22. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $77.50.
Dominion Energy (NYSE:D) last issued its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.91 by ($0.02). The firm 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 12.85% and a net margin of 18.31%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Sell-side analysts anticipate that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a $0.9175 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $3.67 annualized dividend and a yield of 4.84%. This is a positive change from Dominion Energy's previous quarterly dividend of $0.84. Dominion Energy's dividend payout ratio is currently 90.62%.
A number of equities analysts recently weighed in on D shares. Argus reissued a "buy" rating on shares of Dominion Energy in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Dominion Energy from a "hold" rating to a "buy" rating and set a $87.00 price target on the stock in a report on Monday. ValuEngine raised shares of Dominion Energy from a "hold" rating to a "buy" rating in a report on Saturday, December 15th. Mizuho started coverage on shares of Dominion Energy in a report on Monday, March 11th. They issued a "neutral" rating and a $76.00 price target on the stock. Finally, Wells Fargo & Co boosted their price target on shares of Dominion Energy from $73.00 to $80.00 and gave the stock a "market perform" rating in a report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. Dominion Energy has a consensus rating of "Hold" and an average price target of $85.67.
In other Dominion Energy news, Director Robert H. Spilman, Jr. sold 1,215 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total value of $92,352.15. Following the completion of the transaction, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Diane Leopold sold 2,500 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the transaction, 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. 0.26% of the stock is owned by corporate insiders.
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About Dominion Energy
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.
Read More: How is diluted EPS different from basic EPS?
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
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