Slow Capital Inc. Has $1.24 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Slow Capital Inc. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,299 shares of the utilities provider’s stock after selling 2,332 shares during the period. Slow Capital Inc.’s holdings in Dominion Energy were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after purchasing an additional 14,105,237 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after acquiring an additional 9,854,975 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Dominion Energy by 50.4% during the first quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock worth $1,005,266,000 after acquiring an additional 6,028,220 shares in the last quarter. Norges Bank acquired a new stake in shares of Dominion Energy in the 4th quarter worth about $332,276,000. Finally, Magellan Asset Management Ltd lifted its position in Dominion Energy by 53.1% in the 3rd quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock valued at $199,800,000 after acquiring an additional 1,551,611 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, 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 document filed with the SEC, which is available through this link. In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were purchased 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 approximately $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 stock was purchased at an average price 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 approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

Dominion Energy Stock Performance

Shares of D stock opened at $48.33 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The firm has a market cap of $40.48 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.84 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.64. The firm’s 50-day simple moving average is $47.41 and its two-hundred day simple moving average is $45.99.

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

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on D. Barclays lowered their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. BMO Capital Markets cut Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research note on Monday, March 11th. Scotiabank reduced their target price on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. Finally, Wells Fargo & Company raised their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company 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. According to MarketBeat, the company presently 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.