Exchange Traded Concepts LLC Sells 234 Shares of Dominion Energy, Inc. (NYSE:D)

Exchange Traded Concepts LLC reduced its position in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 16.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,159 shares of the utilities provider’s stock after selling 234 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Dominion Energy were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in D. Pacific Center for Financial Services purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $28,000. FSC Wealth Advisors LLC lifted its holdings in Dominion Energy by 149.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 410 shares in the last quarter. Covestor Ltd lifted its holdings in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Live Oak Investment Partners purchased a new position in Dominion Energy in the 4th quarter worth approximately $34,000. Finally, Briaud Financial Planning Inc purchased a new position in Dominion Energy in the 3rd quarter worth approximately $36,000. 70.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on D shares. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. BMO Capital Markets cut Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. Wells Fargo & Company boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Mizuho lowered their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $49.90.

Read Our Latest Analysis on Dominion Energy

Dominion Energy Stock Performance

NYSE:D opened at $48.32 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.69. The stock’s 50 day simple moving average is $46.31 and its two-hundred day simple moving average is $45.80. The company has a market cap of $40.47 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.97 and a beta of 0.61.

Dominion Energy (NYSE:DGet Free Report) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Dominion Energy Profile

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

See Also

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

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