Mutual of America Capital Management LLC Has $5.26 Million Stake in Dominion Energy, Inc. (NYSE:D)

Mutual of America Capital Management LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,929 shares of the utilities provider’s stock after selling 5,118 shares during the period. Mutual of America Capital Management LLC’s holdings in Dominion Energy were worth $5,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. CKW Financial Group increased its holdings in shares of Dominion Energy by 50.0% during the 4th quarter. CKW Financial Group now owns 1,200 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 400 shares during the period. S.E.E.D. Planning Group LLC increased its holdings in shares of Dominion Energy by 5.2% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 173,075 shares of the utilities provider’s stock worth $8,135,000 after purchasing an additional 8,495 shares during the period. Harbour Trust & Investment Management Co bought a new position in shares of Dominion Energy during the 4th quarter worth about $416,000. Sequoia Financial Advisors LLC increased its holdings in shares of Dominion Energy by 81.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 18,936 shares of the utilities provider’s stock worth $890,000 after purchasing an additional 8,484 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Dominion Energy Price Performance

NYSE:D opened at $48.91 on Monday. The firm has a market cap of $40.97 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.69. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The company’s 50-day moving average price is $47.24 and its two-hundred day moving average price is $45.93.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm earned $1.06 earnings per share. Dominion Energy’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.46%. Dominion Energy’s payout ratio is 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.