Dominion Energy, Inc. (NYSE:D) Shares Sold by First National Trust Co

First National Trust Co lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 26.8% in the fourth quarter, HoldingsChannel reports. The fund owned 31,138 shares of the utilities provider’s stock after selling 11,392 shares during the quarter. First National Trust Co’s holdings in Dominion Energy were worth $1,463,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. increased its stake in Dominion Energy by 5.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after acquiring an additional 199,629 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dominion Energy by 196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after acquiring an additional 259,978 shares during the period. Morgan Stanley lifted its holdings in shares of Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after acquiring an additional 803,341 shares in the last quarter. International Assets Investment Management LLC boosted its position in Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after purchasing an additional 157,175 shares during the period. Finally, Diversified Trust Co boosted its position in Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after purchasing an additional 7,071 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the firm’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 acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated 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 acquisition, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on D. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Mizuho boosted their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Bank of America boosted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Finally, Guggenheim lowered their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $50.45.

Dominion Energy Stock Up 0.5 %

Shares of Dominion Energy stock traded up $0.24 during trading on Friday, reaching $51.40. The company had a trading volume of 3,741,756 shares, compared to its average volume of 4,113,876. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.27. The firm’s fifty day moving average is $48.67 and its 200-day moving average is $46.68. The company has a market cap of $43.05 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Dominion Energy’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

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.