Murphy Capital Management Inc. lessened its holdings in shares of Dominion Energy Inc (NYSE:D) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,181 shares of the utilities provider’s stock after selling 330 shares during the quarter. Murphy Capital Management Inc.’s holdings in Dominion Energy were worth $2,364,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Interactive Financial Advisors purchased a new stake in Dominion Energy in the first quarter valued at approximately $26,000. Benjamin Edwards Inc. purchased a new stake in Dominion Energy in the second quarter valued at approximately $26,000. Manchester Financial Inc. purchased a new stake in Dominion Energy in the second quarter valued at approximately $27,000. NuWave Investment Management LLC raised its stake in Dominion Energy by 651.0% in the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 319 shares in the last quarter. Finally, Personal Wealth Partners purchased a new stake in Dominion Energy in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 65.11% of the company’s stock.
Shares of D stock traded up $0.50 during trading hours on Friday, hitting $82.28. 1,341,422 shares of the company’s stock were exchanged, compared to its average volume of 3,684,723. The company has a market capitalization of $64.85 billion, a PE ratio of 20.32, a PEG ratio of 4.03 and a beta of 0.22. Dominion Energy Inc has a 12-month low of $67.41 and a 12-month high of $81.84. The business’s 50 day simple moving average is $78.99 and its 200-day simple moving average is $76.99. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.9175 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.46%. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.
A number of equities research analysts recently weighed in on the stock. Morgan Stanley set a $84.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a research note on Friday, August 16th. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Co set a $83.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, TheStreet raised shares of Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $79.64.
In related news, Director Michael E. Szymanczyk acquired 21,400 shares of Dominion Energy stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the purchase, the director now directly owns 19,541 shares in the company, valued at $1,540,807.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey Michael Zeiler acquired 15,112 shares of Dominion Energy stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $6.31 per share, with a total value of $95,356.72. 0.26% of the stock is owned by corporate insiders.
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.
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