Victory Capital Management Inc. Has $28.14 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Victory Capital Management Inc. reduced its position in Dominion Energy, Inc. (NYSE:D) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 598,633 shares of the utilities provider’s stock after selling 6,858 shares during the quarter. Victory Capital Management Inc.’s holdings in Dominion Energy were worth $28,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Providence Capital Advisors LLC raised its stake in Dominion Energy by 0.6% in the 3rd quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after purchasing an additional 228 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Dominion Energy by 3.9% in the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock valued at $298,000 after buying an additional 250 shares in the last quarter. Tyler Stone Wealth Management boosted its stake in shares of Dominion Energy by 6.3% in the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock valued at $189,000 after buying an additional 250 shares during the period. Parkside Financial Bank & Trust grew its position in Dominion Energy by 11.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after buying an additional 259 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC increased its stake in Dominion Energy by 2.7% during the 3rd quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock worth $442,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.4 %

Shares of D opened at $52.12 on Wednesday. The stock has a market capitalization of $43.66 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.27. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The stock has a fifty day moving average of $48.85 and a 200-day moving average of $46.92.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America increased their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, April 23rd. BMO Capital Markets raised their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Mizuho lifted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Scotiabank cut their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.73.

Insiders Place Their Bets

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

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.