Dominion Energy, Inc. (NYSE:D) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co lessened its stake in Dominion Energy, Inc. (NYSE:DFree Report) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,434 shares of the utilities provider’s stock after selling 1,394 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Dominion Energy were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in D. Parallel Advisors LLC grew its position in Dominion Energy by 21.3% during the fourth quarter. Parallel Advisors LLC now owns 6,807 shares of the utilities provider’s stock worth $320,000 after buying an additional 1,194 shares during the period. Heritage Wealth Advisors boosted its position in Dominion Energy by 4.1% during the fourth quarter. Heritage Wealth Advisors now owns 17,049 shares of the utilities provider’s stock worth $801,000 after acquiring an additional 677 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Dominion Energy in the fourth quarter valued at $10,951,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Dominion Energy by 13.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 250,540 shares of the utilities provider’s stock valued at $11,775,000 after acquiring an additional 29,320 shares during the last quarter. Finally, Congress Wealth Management LLC DE raised its position in shares of Dominion Energy by 37.0% in the 4th quarter. Congress Wealth Management LLC DE now owns 8,443 shares of the utilities provider’s stock worth $397,000 after buying an additional 2,280 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock traded up $0.16 during midday trading on Tuesday, reaching $53.94. The company had a trading volume of 3,389,073 shares, compared to its average volume of 5,088,157. The company has a market capitalization of $45.18 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.74. The stock has a 50 day moving average price of $49.91 and a 200-day moving average price of $47.72.

Dominion Energy (NYSE:DGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s payout ratio is 137.63%.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were 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 directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on D shares. Evercore ISI raised their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Wells Fargo & Company increased their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Barclays lowered their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $51.73.

Get Our Latest Research Report on Dominion Energy

Dominion Energy Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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