Dominion Energy, Inc. (NYSE:D) Shares Sold by Clearstead Trust LLC

Clearstead Trust LLC lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 53.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 683 shares of the utilities provider’s stock after selling 773 shares during the quarter. Clearstead Trust LLC’s holdings in Dominion Energy were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy during the fourth quarter valued at about $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Dominion Energy during the third quarter valued at approximately $36,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Dominion Energy by 91.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 400 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on D. Wells Fargo & Company increased their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday. Scotiabank decreased their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Evercore ISI lifted their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday. Mizuho increased their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.45.

Dominion Energy Stock Up 0.5 %

Shares of NYSE D traded up $0.24 during mid-day trading on Friday, reaching $51.40. 3,741,756 shares of the company traded hands, compared to its average volume of 4,113,876. The company’s fifty day moving average is $48.67 and its two-hundred day moving average is $46.76. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The stock has a market cap of $43.05 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

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

Insider Buying and Selling

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

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.