New York Life Investment Management LLC Sells 890 Shares of Dominion Energy, Inc. (NYSE:D)

New York Life Investment Management LLC cut its stake in Dominion Energy, Inc. (NYSE:D) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,434 shares of the utilities provider’s stock after selling 890 shares during the period. New York Life Investment Management LLC’s holdings in Dominion Energy were worth $5,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Searle & CO. acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $331,000. Savant Capital LLC boosted its stake in Dominion Energy by 9.7% during the fourth quarter. Savant Capital LLC now owns 9,832 shares of the utilities provider’s stock worth $462,000 after buying an additional 868 shares in the last quarter. Brighton Jones LLC increased its holdings in Dominion Energy by 9.8% in the 4th quarter. Brighton Jones LLC now owns 7,022 shares of the utilities provider’s stock valued at $330,000 after buying an additional 625 shares during the period. Intrust Bank NA lifted its holdings in shares of Dominion Energy by 46.0% during the 4th quarter. Intrust Bank NA now owns 11,073 shares of the utilities provider’s stock worth $520,000 after acquiring an additional 3,488 shares during the period. Finally, Choreo LLC acquired a new stake in Dominion Energy during the fourth quarter valued at approximately $232,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired 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 owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on D shares. Guggenheim dropped 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. Scotiabank reduced their price target on shares of 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. Wells Fargo & Company boosted their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays decreased their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.45.

Dominion Energy Stock Performance

Shares of D stock opened at $51.40 on Friday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.27. 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 stock has a market cap of $43.05 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59. The stock has a 50-day moving average of $48.60 and a 200-day moving average of $46.62.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

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.