Dominion Energy, Inc. (NYSE:D) Stock Position Lifted by Evolution Advisers Inc.

Evolution Advisers Inc. raised its holdings in Dominion Energy, Inc. (NYSE:D) by 43.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,641 shares of the utilities provider’s stock after acquiring an additional 1,405 shares during the quarter. Evolution Advisers Inc.’s holdings in Dominion Energy were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC lifted its stake in shares of Dominion Energy by 13,720.0% in the third quarter. Impact Partnership Wealth LLC now owns 2,764 shares of the utilities provider’s stock worth $123,000 after buying an additional 2,744 shares during the last quarter. Capital Asset Advisory Services LLC lifted its stake in shares of Dominion Energy by 2.4% in the third quarter. Capital Asset Advisory Services LLC now owns 12,488 shares of the utilities provider’s stock worth $536,000 after buying an additional 298 shares during the last quarter. SS&H Financial Advisors Inc. acquired a new stake in shares of Dominion Energy in the third quarter worth $531,000. Czech National Bank lifted its stake in shares of Dominion Energy by 47.8% in the third quarter. Czech National Bank now owns 146,251 shares of the utilities provider’s stock worth $6,533,000 after buying an additional 47,293 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Dominion Energy by 8.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,805 shares of the utilities provider’s stock worth $349,000 after buying an additional 615 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $0.26 during mid-day trading on Thursday, reaching $50.97. 4,517,550 shares of the stock were exchanged, compared to its average volume of 5,351,358. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. 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 firm has a 50-day simple moving average of $48.08 and a 200 day simple moving average of $46.31. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.90.

Dominion Energy (NYSE:D) last announced its 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). The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.84 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Insider Activity

In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was 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 disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on D. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Mizuho reduced their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a 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 target for the company. in a report on Monday, March 11th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Bank of America increased their price target on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.