Capital Analysts LLC Sells 788 Shares of Dominion Energy, Inc. (NYSE:D)

Capital Analysts LLC reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,458 shares of the utilities provider’s stock after selling 788 shares during the quarter. Capital Analysts LLC’s holdings in Dominion Energy were worth $210,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in Dominion Energy by 7.7% during the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock valued at $14,325,000 after purchasing an additional 12,002 shares in the last quarter. Prudential PLC bought a new position in shares of Dominion Energy in the first quarter valued at approximately $1,528,000. Sequoia Financial Advisors LLC raised its stake in shares of Dominion Energy by 30.0% in the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock valued at $611,000 after acquiring an additional 1,661 shares during the last quarter. Covestor Ltd raised its stake in shares of Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Dominion Energy in the first quarter valued at approximately $419,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D stock opened at $48.33 on Thursday. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.64. The firm has a market capitalization of $40.48 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average of $47.41 and a 200-day moving average of $45.99.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.52%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

Insider Activity

In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on D shares. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. BMO Capital Markets cut 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. Barclays dropped 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. Scotiabank dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.10.

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.