Cerity Partners LLC Sells 8,424 Shares of Dominion Energy, Inc. (NYSE:D)

Cerity Partners LLC cut its holdings in Dominion Energy, Inc. (NYSE:D) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,141 shares of the utilities provider’s stock after selling 8,424 shares during the quarter. Cerity Partners LLC’s holdings in Dominion Energy were worth $8,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Pacific Center for Financial Services purchased a new position in shares of Dominion Energy in the first quarter worth about $28,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Dominion Energy during the fourth quarter worth about $30,000. FSC Wealth Advisors LLC grew its holdings in Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 410 shares during the period. Venturi Wealth Management LLC grew its holdings in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Finally, Covestor Ltd grew its holdings in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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 on 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 $395,093.98. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Robert M. Blue acquired 21,735 shares of the company’s 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 purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, 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. Company insiders own 0.12% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $47.92 on Tuesday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.69. The company has a market cap of $40.14 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.92 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The business’s 50 day moving average price is $47.30 and its 200 day moving average price is $45.96.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, research analysts predict that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.57%. Dominion Energy’s dividend payout ratio is currently 114.59%.

Analysts Set New Price Targets

Several brokerages have commented on D. Scotiabank dropped their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a research report on Monday, March 11th. Barclays decreased their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Finally, Mizuho decreased their target price 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $50.10.

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.