Brown Miller Wealth Management LLC Sells 895 Shares of Dominion Energy, Inc. (NYSE:D)

Brown Miller Wealth Management LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 15.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,016 shares of the utilities provider’s stock after selling 895 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Dominion Energy were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV grew its position in shares of Dominion Energy by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after buying an additional 128 shares during the period. Golden State Equity Partners grew its position in shares of Dominion Energy by 1.7% in the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after buying an additional 129 shares during the period. Covestor Ltd grew its position in shares of Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares during the period. NewEdge Advisors LLC grew its position in shares of Dominion Energy by 0.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after buying an additional 132 shares during the period. Finally, Ergoteles LLC grew its position in shares of Dominion Energy by 3.2% in the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D stock traded up $0.67 on Thursday, hitting $49.19. The company had a trading volume of 5,401,135 shares, compared to its average volume of 5,745,146. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.69. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The stock’s 50-day simple moving average is $46.39 and its 200 day simple moving average is $45.83. The stock has a market cap of $41.20 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 1.91 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its 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 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 analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the business 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 research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.43%. Dominion Energy’s payout ratio is presently 114.59%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Mizuho cut their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.90.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of 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 disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

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.