BKM Wealth Management LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

BKM Wealth Management LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:DFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,151 shares of the utilities provider’s stock, valued at approximately $54,000.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Dominion Energy by 0.9% in the second quarter. State Street Corp now owns 48,339,919 shares of the utilities provider’s stock valued at $2,503,524,000 after purchasing an additional 432,966 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after buying an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dominion Energy by 2.1% during the first quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock worth $823,620,000 after acquiring an additional 303,891 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Dominion Energy by 93,554.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after buying an additional 9,854,975 shares in the last quarter. 70.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on D shares. Wells Fargo & Company increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Guggenheim cut their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. Mizuho lowered their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, Scotiabank dropped their target price on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.90.

Read Our Latest Analysis on D

Insider Buying and Selling

In other news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

Dominion Energy Stock Performance

NYSE D opened at $48.32 on Monday. The firm’s 50 day simple moving average is $46.33 and its 200 day simple moving average is $45.80. The firm has a market capitalization of $40.47 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.98 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. 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 issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s payout ratio is currently 114.59%.

Dominion Energy Company Profile

(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.

Further Reading

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

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