Kingswood Wealth Advisors LLC Decreases Holdings in Dominion Energy, Inc. (NYSE:D)

Kingswood Wealth Advisors LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,955 shares of the utilities provider’s stock after selling 1,343 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Dominion Energy were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of Dominion Energy by 0.9% during the 2nd quarter. State Street Corp now owns 48,339,919 shares of the utilities provider’s stock worth $2,503,524,000 after purchasing an additional 432,966 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP raised its holdings in Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after acquiring an additional 14,105,237 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dominion Energy by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock valued at $823,620,000 after acquiring an additional 303,891 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after acquiring an additional 9,854,975 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.4 %

Shares of NYSE D opened at $49.19 on Friday. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.69. The company 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 company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average price of $46.39 and a 200 day moving average price of $45.83.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (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 company 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 company posted $1.06 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. 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. boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, December 1st. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Mizuho cut their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $49.90.

Insider Activity at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is 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.