Cwm LLC Cuts Position in Dominion Energy, Inc. (NYSE:D)

Cwm LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 487,599 shares of the utilities provider’s stock after selling 65,958 shares during the quarter. Cwm LLC’s holdings in Dominion Energy were worth $22,917,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. raised its holdings in shares of Dominion Energy by 5.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock valued at $178,176,000 after buying an additional 199,629 shares during the period. Assenagon Asset Management S.A. grew its stake in Dominion Energy by 196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after purchasing an additional 259,978 shares in the last quarter. Morgan Stanley grew its stake in Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after purchasing an additional 803,341 shares in the last quarter. International Assets Investment Management LLC grew its stake in Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after purchasing an additional 157,175 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 7,071 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D traded up $1.27 during midday trading on Friday, reaching $49.84. 4,112,500 shares of the company traded hands, compared to its average volume of 4,242,504. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.90. The firm has a market capitalization of $41.75 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The company has a fifty day moving average price of $47.61 and a 200 day moving average price of $46.09.

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

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Guggenheim lowered their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. 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, April 15th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Wells Fargo & Company lifted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Finally, Mizuho decreased their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.10.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price 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 of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, 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.