Marks Group Wealth Management Inc Reduces Stake in Dominion Energy, Inc. Amid Investor Sentiment Shift

Best Stocks2023-10-02

On September 30, 2023, it was reported that Marks Group Wealth Management Inc had reduced its stake in Dominion Energy, Inc. by 11.5% during the second quarter of the year. According to the company’s ...

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According to the company’s ...</p>\n\n<a href=\"https://beststocks.com/marks-group-wealth-management-inc-reduces-stake-in-2/\">Source Link</a>\n\n</div>\n","source":"beststocks_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marks Group Wealth Management Inc Reduces Stake in Dominion Energy, Inc. 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Amid Investor Sentiment Shift\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-02 02:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beststocks.com/marks-group-wealth-management-inc-reduces-stake-in-2/><strong>Best Stocks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On September 30, 2023, it was reported that Marks Group Wealth Management Inc had reduced its stake in Dominion Energy, Inc. by 11.5% during the second quarter of the year. According to the company’s ...</p>\n\n<a href=\"https://beststocks.com/marks-group-wealth-management-inc-reduces-stake-in-2/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4208","symbol_name":"复合型公用事业","start_time":0,"source_url":"https://beststocks.com/marks-group-wealth-management-inc-reduces-stake-in-2/","article_id":"2372079417","we_media_id":null,"thumbnails":["https://beststocks.com/wp-content/uploads/2023/03/Cash-Flow-news-1.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2372079417","pubTimestamp":1696185413,"sourceInfo":{"source_id":"beststocks_highlight","name":"Best Stocks"},"weMediaInfo":null,"summary":"On September 30, 2023, it was reported that Marks Group Wealth Management Inc had reduced its stake in Dominion Energy, Inc. by 11.5% during the second quarter of the year. According to the company’s disclosure with the Securities and Exchange Commission , Marks Group Wealth Management Inc owned 24,106 shares of Dominion Energy’s stock after selling 3,145 shares in that period. The value of their holdings in Dominion Energy amounted to $1,248,000 as per their most recent filing with the SEC.In conclusion, Marks Group Wealth Management Inc reduced its position in Dominion Energy, Inc. during the second quarter of 2023. This news highlights a potential shift in investor sentiment towards Dominion Energy’s stock. Investors should closely monitor such developments and always conduct comprehensive research and analysis before making investment decisions. Dividends play a significant role in investment strategies, and Dominion Energy’s high dividend payout ratio further emphasizes its commit","collect":0,"end_time":0,"defaultTopTitle":"beststocks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4208":"复合型公用事业","ROE":"ASTORIA US QUALITY KINGS ETF"},"translate_title":"投资者情绪转变，马克集团财富管理公司减持Dominion Energy，Inc。股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCUE":1,"ROE":1},"content_text":"On September 30, 2023, it was reported that Marks Group Wealth Management Inc had reduced its stake in Dominion Energy, Inc. by 11.5% during the second quarter of the year. According to the company’s disclosure with the Securities and Exchange Commission (SEC), Marks Group Wealth Management Inc owned 24,106 shares of Dominion Energy’s stock after selling 3,145 shares in that period. The value of their holdings in Dominion Energy amounted to $1,248,000 as per their most recent filing with the SEC.\nDominion Energy, an American utilities provider, recently declared a quarterly dividend that was paid on September 20th. Shareholders of record on September 1st received a dividend payment of $0.6675 per share. The ex-dividend date for this dividend was August 31st. Based on these figures, Dominion Energy’s annualized dividend payout amounts to $2.67 per share, resulting in a yield of 6.05%.\nThe fact that Marks Group Wealth Management Inc reduced its position in Dominion Energy may indicate a shift in investment strategy or a change in sentiment towards the stock. Investors closely watch such movements by institutional investors for insights into market trends and sentiments.\nDividends are important considerations for investors as they can provide regular income and potentially enhance overall returns from an investment. The high dividend payout ratio of Dominion Energy at present stands at 98.89%. This signifies that a significant portion of the company’s earnings is distributed to shareholders as dividends.\nIt is crucial for investors to keep track of developments within companies they have invested in or are considering investing in. Regularly monitoring disclosures with regulatory bodies such as the SEC can help both institutional investors and individual shareholders make informed decisions about their investments.\nAs with any financial decision, it is advisable to conduct thorough research and analysis before making investment choices. It is also essential to consult with financial advisors or professionals who are well-versed in the intricacies of the market. Market conditions can be volatile and subject to various factors, and thus prudent decision-making is vital to navigate the financial landscape effectively.\nIn conclusion, Marks Group Wealth Management Inc reduced its position in Dominion Energy, Inc. during the second quarter of 2023. This news highlights a potential shift in investor sentiment towards Dominion Energy’s stock. Investors should closely monitor such developments and always conduct comprehensive research and analysis before making investment decisions. Dividends play a significant role in investment strategies, and Dominion Energy’s high dividend payout ratio further emphasizes its commitment to distributing earnings to shareholders.\n\n\n\n\n\n\n\n\n\n\n\n\nVisteon Corporation\n        VC\nStrong Buy\n\nUpdated on: 01/10/2023\n\n\n\nFinancial Health\n\n\nVery Healthy                \n\n\n\n                    Debt to equity ratio: Strong Buy                \n\n\n                    Price to earnings ratio: Strong Buy                \n\n\n                    Price to book ratio: Strong Buy                \n\n\n                    DCF: Strong Buy                \n\n\n                    ROE: Neutral                \n\nShow more\n\n\nPrice Target\n\n\n                    Current $138.07\n\n\n\n                    Concensus $133.86\n\n\n\n\n                    Low $103.00\n\n\n\n                    Median $138.00\n\n\n\n                    High $161.00\n\n\n\nShow more\n\n\nSocial Sentiments\nWe did not find social sentiment data for this stock\n\n\nAnalyst Ratings\n\n\nAnalyst / firm\nRating\n\n\n\n                        Ali Faghri Guggenheim\n\nBuy\n\n\n\nCitigroup\n\nBuy\n\n\n\nCitigroup\n\nSell\n\n\n\nWells Fargo\n\nSell\n\n\n\nMorgan Stanley\n\nSell\n\n\nShow more\n\n\nInstitutional Investors Show Confidence in Dominion Energy as Research Analysts Assess Stock Performance\n\nIn recent months, there have been several changes in the stakes held by institutional investors in Dominion Energy, a utilities provider company. Two Sigma Investments LP has acquired a new stake in Dominion Energy during the fourth quarter of this year, with an estimated value of $39,943,000. AGF Management Ltd. has also increased its stake in the company by 6.7% during the first quarter, now owning 60,959 shares valued at $3,408,000. Investment Management of Virginia LLC saw an increase of 18.9% in its stake during the first quarter as well, with 9,882 shares valued at $553,000. Trust Co. of Toledo NA OH and Foundations Investment Advisors LLC have also raised their stakes by 13.8% and 4.6% respectively.\nThe presence of these institutional investors indicates a level of confidence and interest in Dominion Energy’s performance and potential growth opportunities. It is worth noting that institutional investors currently own approximately 70.66% of the total shares in the company.\nDominion Energy has also been subjected to various research analyst reports recently. BMO Capital Markets reduced its price target on Dominion Energy from $54.00 to $50.00 but maintained an “outperform” rating for the company in early September. Royal Bank of Canada also decreased its price objective from $71.00 to $53.00 and assigned a “sector perform” rating on the stock on September 13th.\nMeanwhile, Wells Fargo & Company lowered its price objective from $61.00 to $55.00 in July, while StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating more recently.\nCurrently, Bloomberg.com data shows that Dominion Energy has an average rating of “Hold” among analysts and an average price target of $55.15.\nShares of Dominion Energy opened at $44.14 on September 30, with a market capitalization of $36.93 billion. The company has a price-to-earnings (PE) ratio of 16.35 and a beta value of 0.46. It also maintains a debt-to-equity ratio of 1.47, along with a current ratio of 0.57 and a quick ratio of 0.44.\nOver the past year, Dominion Energy has experienced fluctuations in its stock price, ranging from a low of $44.08 to a high of $74.66.\nRegarding financial performance, Dominion Energy last reported its earnings results on August 4th. The company exceeded analysts’ expectations by reporting earnings per share (EPS) of $0.53 for the quarter, surpassing the consensus estimate of $0.48 by $0.05.\nDominion Energy generated revenue of $3.79 billion during the quarter, compared to the expected figure of $3.72 billion. The company achieved a net margin of 12.71% and a return on equity (ROE) of 11.94%. Year-over-year, quarterly revenue increased by 5.5%. In the same quarter last year, Dominion Energy reported earnings per share amounting to $0.77.\nEquities research analysts have projected an average EPS of 3.2 for Dominion Energy for the current fiscal year.\nGiven these recent developments and financial performance indicators, shareholders and market participants may observe the ongoing activities surrounding Dominion Energy with great interest and attention in order to make informed investment decisions.\nTags: VC","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2372079417"}