Everett Harris & Co. CA Lowers Stock Position in Dominion Energy, Inc. (NYSE:D)

Everett Harris & Co. CA cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,979 shares of the utilities provider’s stock after selling 3,855 shares during the period. Everett Harris & Co. CA’s holdings in Dominion Energy were worth $2,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Sei Investments Co. lifted its holdings in shares of Dominion Energy by 7.7% during the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares during the period. Prudential PLC acquired a new stake in shares of Dominion Energy during the first quarter worth $1,528,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Dominion Energy by 30.0% during the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 1,661 shares during the period. Covestor Ltd lifted its holdings in shares of Dominion Energy by 49.8% during the first 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, Merit Financial Group LLC acquired a new stake in shares of Dominion Energy during the first quarter worth $419,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.4 %

Shares of D stock opened at $49.19 on Friday. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The stock has a market cap of $41.20 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.99 and a beta of 0.61. The business has a fifty day simple moving average of $46.39 and a 200-day simple moving average of $45.83. 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 (NYSE:D) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 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. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on D. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Mizuho reduced 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. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a report on Monday, March 11th. Finally, Scotiabank reduced 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.90.

Insider Buying and Selling

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

Dominion Energy Company 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.