Maple Brown Abbott Ltd Purchases 160,410 Shares of Dominion Energy, Inc. (NYSE:D)

Maple Brown Abbott Ltd grew its position in Dominion Energy, Inc. (NYSE:D) by 13.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,336,060 shares of the utilities provider’s stock after buying an additional 160,410 shares during the period. Dominion Energy accounts for approximately 6.5% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 10th largest holding. Maple Brown Abbott Ltd owned approximately 0.16% of Dominion Energy worth $62,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Pacific Center for Financial Services bought a new stake in shares of Dominion Energy during the 1st quarter valued at $28,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy in the fourth quarter valued at about $30,000. FSC Wealth Advisors LLC grew its position in shares of 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 buying an additional 410 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the last quarter. Finally, Covestor Ltd raised 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 valued at $34,000 after acquiring an additional 131 shares during the period. Institutional investors own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays dropped 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. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a report on Monday, March 11th. Scotiabank dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Finally, Mizuho lowered their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.10.

Dominion Energy Price Performance

D traded up $1.36 on Wednesday, hitting $48.22. 1,790,838 shares of the stock were exchanged, compared to its average volume of 5,442,957. 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 12 month low of $39.18 and a 12 month high of $58.64. The firm has a market capitalization of $40.39 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.88 and a beta of 0.61. The business has a 50-day moving average of $47.34 and a two-hundred day moving average of $45.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s payout ratio is currently 114.59%.

About Dominion Energy

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.