Sequoia Financial Advisors LLC Purchases 8,484 Shares of Dominion Energy, Inc. (NYSE:D)

Sequoia Financial Advisors LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 81.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,936 shares of the utilities provider’s stock after buying an additional 8,484 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dominion Energy were worth $890,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its position in Dominion Energy by 1.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after purchasing an additional 128 shares during the period. Golden State Equity Partners increased its position in shares of Dominion Energy by 1.7% during the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after acquiring an additional 129 shares during the period. Covestor Ltd increased its position in shares of Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares during the period. NewEdge Advisors LLC increased its position in shares of Dominion Energy by 0.3% during the first quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after acquiring an additional 132 shares during the period. Finally, Ergoteles LLC increased its position in shares of Dominion Energy by 3.2% during the first quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 146 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Scotiabank cut their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Mizuho cut their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Finally, StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.90.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, with a total value 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 $8,091,178.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Dominion Energy Stock Performance

NYSE D opened at $48.91 on Monday. 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 company has a market capitalization of $40.97 billion, a PE ratio of 20.99, a P/E/G ratio of 1.92 and a beta of 0.61. The company has a fifty day moving average of $47.24 and a two-hundred day moving average of $45.93.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue was down 7.2% on a year-over-year basis. As a group, analysts expect that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Announces Dividend

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

About Dominion Energy

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.