Dominion Energy, Inc. (NYSE:D) Shares Sold by RFG Advisory LLC

RFG Advisory LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 35.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,122 shares of the utilities provider’s stock after selling 2,768 shares during the quarter. RFG Advisory LLC’s holdings in Dominion Energy were worth $241,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of D. JPMorgan Chase & Co. grew its position in Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after acquiring an additional 14,105,237 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dominion Energy by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock valued at $823,620,000 after acquiring an additional 303,891 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after acquiring an additional 9,854,975 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Dominion Energy by 2.7% in the 1st quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider’s stock worth $754,843,000 after buying an additional 234,077 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on D shares. Guggenheim dropped their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Scotiabank reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a report on Monday, March 11th. Mizuho cut their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, Wells Fargo & Company raised their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $49.90.

Insider Buying and Selling at Dominion Energy

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

Dominion Energy Stock Down 0.2 %

Shares of NYSE:D opened at $48.91 on Friday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.69. The company has a 50 day moving average of $47.24 and a 200-day moving average of $45.93. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The stock has a market cap of $40.97 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.00 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Dominion Energy Company Profile

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.