Suntrust Banks Inc. Sells 4,443 Shares of Dominion Energy Inc (NYSE:D)
Suntrust Banks Inc. lowered its position in shares of Dominion Energy Inc (NYSE:D) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 388,773 shares of the utilities provider’s stock after selling 4,443 shares during the period. Suntrust Banks Inc. owned about 0.06% of Dominion Energy worth $31,513,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of D. Tower Research Capital LLC TRC increased its position in shares of Dominion Energy by 65.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,725 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 1,467 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Dominion Energy by 8.8% in the 2nd quarter. Coldstream Capital Management Inc. now owns 25,976 shares of the utilities provider’s stock valued at $1,991,000 after acquiring an additional 2,111 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Dominion Energy by 7.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 276,135 shares of the utilities provider’s stock valued at $21,160,000 after acquiring an additional 18,903 shares during the period. Bank of Nova Scotia increased its position in Dominion Energy by 170.0% in the 2nd quarter. Bank of Nova Scotia now owns 431,190 shares of the utilities provider’s stock valued at $33,042,000 after acquiring an additional 271,516 shares during the period. Finally, Nomura Holdings Inc. increased its position in Dominion Energy by 184.8% in the 2nd quarter. Nomura Holdings Inc. now owns 73,141 shares of the utilities provider’s stock valued at $5,614,000 after acquiring an additional 47,457 shares during the period. Institutional investors and hedge funds own 65.33% of the company’s stock.
In other news, Director John W. Harris sold 11,254 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Harris sold 2,665 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now directly owns 13,282 shares in the company, valued at approximately $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.
Dominion Energy (NYSE:D) last released its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts forecast that Dominion Energy Inc will post 4.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.34 annualized dividend and a dividend yield of 4.69%. Dominion Energy’s payout ratio is 98.82%.
Several brokerages recently issued reports on D. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Bank of America set a $87.00 price target on Dominion Energy and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Morgan Stanley boosted their price target on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. UBS Group began coverage on Dominion Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target on the stock in a research report on Thursday, December 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.09.
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Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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