Dominion Energy, Inc. (NYSE:D) Shares Purchased by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC increased its position in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 79.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 46,541 shares of the utilities provider’s stock after acquiring an additional 20,676 shares during the period. Dominion Energy accounts for about 1.3% of Colonial River Wealth Management LLC’s holdings, making the stock its 14th largest position. Colonial River Wealth Management LLC’s holdings in Dominion Energy were worth $2,187,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pacific Center for Financial Services purchased a new stake in Dominion Energy during the 1st quarter worth about $28,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $30,000. FSC Wealth Advisors LLC increased its holdings in Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 410 shares during the period. Covestor Ltd increased its holdings in Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the period. Finally, Live Oak Investment Partners purchased a new stake in Dominion Energy during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D traded down $0.45 during mid-day trading on Tuesday, reaching $48.71. 3,771,440 shares of the stock were exchanged, compared to its average volume of 5,690,167. The company has a 50 day simple moving average of $46.62 and a 200-day simple moving average of $45.85. The stock has a market capitalization of $40.80 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.01 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.69.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (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 firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the business earned $1.06 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.48%. Dominion Energy’s dividend payout ratio (DPR) is currently 114.59%.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were bought 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on D shares. Mizuho cut their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Guggenheim dropped their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Scotiabank dropped their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Finally, BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a report on Monday, March 11th. One 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 stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $49.90.

Get Our Latest Stock Analysis on Dominion Energy

About Dominion Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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