Cerity Partners LLC Has $8.37 Million Stake in Dominion Energy, Inc. (NYSE:D)

Cerity Partners LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,141 shares of the utilities provider’s stock after selling 8,424 shares during the quarter. Cerity Partners LLC’s holdings in Dominion Energy were worth $8,373,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its position in 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 acquiring an additional 12,002 shares in the last quarter. Prudential PLC bought a new stake in Dominion Energy during the first quarter worth $1,528,000. Sequoia Financial Advisors LLC raised its position in 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 acquiring an additional 1,661 shares in the last quarter. Covestor Ltd raised its position in shares of Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of Dominion Energy in the first quarter valued at about $419,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.0 %

Shares of Dominion Energy stock opened at $47.92 on Tuesday. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.92 and a beta of 0.61. 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, Inc. has a 12-month low of $39.18 and a 12-month high of $58.69. The firm’s 50-day moving average price is $47.30 and its two-hundred day moving average price is $45.96.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. On average, analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.57%. Dominion Energy’s payout ratio is currently 114.59%.

Insider Activity

In related news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were 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 in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on D shares. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Barclays dropped 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. Wells Fargo & Company increased their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Scotiabank decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. Finally, Mizuho decreased their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.10.

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.