Washington Trust Advisors Inc. Reduces Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Washington Trust Advisors Inc. trimmed its position in Dominion Energy, Inc. (NYSE:D) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the utilities provider’s stock after selling 2,000 shares during the period. Washington Trust Advisors Inc.’s holdings in Dominion Energy were worth $94,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pacific Center for Financial Services purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $28,000. FSC Wealth Advisors LLC lifted its position in shares of Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after buying an additional 410 shares in the last quarter. Covestor Ltd lifted its position in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. Live Oak Investment Partners purchased a new position in shares of Dominion Energy during the 4th quarter valued at about $34,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Dominion Energy during the 3rd quarter valued at about $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.4 %

Shares of NYSE D traded up $0.67 during trading hours on Thursday, hitting $49.19. 2,048,560 shares of the company traded hands, compared to its average volume of 5,688,022. The company’s 50 day moving average price is $46.34 and its 200 day moving average price is $45.81. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.69. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $41.20 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. Dominion Energy’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is 114.59%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on D. Mizuho lowered their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Scotiabank decreased their target price on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Wells Fargo & Company lifted their target price on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.90.

Insiders Place Their Bets

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

Dominion Energy 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.