Wrapmanager Inc. Sells 1,668 Shares of Dominion Energy, Inc. (NYSE:D)

Wrapmanager Inc. cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,816 shares of the utilities provider’s stock after selling 1,668 shares during the period. Wrapmanager Inc.’s holdings in Dominion Energy were worth $414,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of D. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dominion Energy by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 224,354 shares of the utilities provider’s stock valued at $10,022,000 after purchasing an additional 3,846 shares during the period. Mackenzie Financial Corp boosted its position in shares of Dominion Energy by 4.9% during the third quarter. Mackenzie Financial Corp now owns 205,989 shares of the utilities provider’s stock worth $8,748,000 after acquiring an additional 9,584 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Dominion Energy by 5.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 144,507 shares of the utilities provider’s stock valued at $6,455,000 after acquiring an additional 7,133 shares in the last quarter. Advisor Partners II LLC increased its holdings in Dominion Energy by 55.3% in the 3rd quarter. Advisor Partners II LLC now owns 9,369 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 3,337 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Dominion Energy by 14.5% in the 3rd quarter. Park Avenue Securities LLC now owns 37,321 shares of the utilities provider’s stock worth $1,667,000 after purchasing an additional 4,740 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Evercore ISI increased their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Mizuho boosted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Bank of America increased their price objective on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Finally, Scotiabank cut their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $50.73.

Dominion Energy Stock Up 1.3 %

Dominion Energy stock traded up $0.69 during midday trading on Thursday, hitting $52.84. 3,702,341 shares of the company’s stock were exchanged, compared to its average volume of 5,197,934. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.02. 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 company has a market cap of $44.26 billion, a PE ratio of 27.24, a P/E/G ratio of 3.43 and a beta of 0.59. The firm has a 50-day moving average of $48.93 and a two-hundred day moving average of $46.95.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.05%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Insiders Place Their Bets

In other news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction dated 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 acquisition, the director now 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 corporate insiders.

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.