Cary Street Partners Investment Advisory LLC Decreases Stock Position in Dominion Energy, Inc. (NYSE:D)

Cary Street Partners Investment Advisory LLC reduced its position in Dominion Energy, Inc. (NYSE:D) by 90.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,061 shares of the utilities provider’s stock after selling 155,410 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Dominion Energy were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of D. Providence Capital Advisors LLC grew its holdings in shares of Dominion Energy by 0.6% during the 3rd quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after acquiring an additional 228 shares during the period. Valmark Advisers Inc. grew its holdings in shares of Dominion Energy by 3.9% during the 3rd quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 250 shares during the period. Tyler Stone Wealth Management grew its stake in shares of Dominion Energy by 6.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock worth $189,000 after buying an additional 250 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Dominion Energy by 11.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after buying an additional 259 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC grew its stake in shares of Dominion Energy by 2.7% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock worth $442,000 after buying an additional 260 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Robert M. Blue acquired 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, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $50.98 on Wednesday. The business’s fifty day moving average price is $48.39 and its 200-day moving average price is $46.55. The stock has a market capitalization of $42.70 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 3.42 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. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.65.

Dominion Energy (NYSE:D) last released its quarterly 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 firm 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%. Dominion Energy’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. On average, equities analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Analysts Set New Price Targets

D has been the topic of several recent research reports. Bank of America upped their price target on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Guggenheim cut their price target 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. Barclays cut their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. Finally, Scotiabank lowered their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $49.10.

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.