Poplar Forest Capital LLC Sells 66,473 Shares of Dominion Energy, Inc. (NYSE:D)

Poplar Forest Capital LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,955 shares of the utilities provider’s stock after selling 66,473 shares during the quarter. Dominion Energy accounts for approximately 1.3% of Poplar Forest Capital LLC’s portfolio, making the stock its 28th largest holding. Poplar Forest Capital LLC’s holdings in Dominion Energy were worth $9,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $30,000. FSC Wealth Advisors LLC boosted its holdings in shares of Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 410 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the period. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Dominion Energy during the third quarter worth about $36,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

NYSE:D traded up $0.58 during trading hours on Wednesday, reaching $51.25. The company had a trading volume of 3,538,308 shares, compared to its average volume of 5,361,890. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90. The firm has a market cap of $42.93 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.99 and a beta of 0.61. The firm’s 50 day moving average price is $47.97 and its 200-day moving average price is $46.28.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

Insider Transactions at Dominion Energy

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

Analyst Upgrades and Downgrades

D has been the subject of a number of analyst reports. Bank of America increased their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday. Guggenheim decreased their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Scotiabank decreased their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research note on Monday, March 11th. Finally, Wells Fargo & Company raised their price target 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. Two investment analysts have 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.10.

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.