Sapient Capital LLC Acquires Shares of 5,602 Dominion Energy, Inc. (NYSE:D)

Sapient Capital LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,602 shares of the utilities provider’s stock, valued at approximately $263,000.

A number of other large investors have also recently modified their holdings of the business. Nations Financial Group Inc. IA ADV increased its stake in shares of Dominion Energy by 1.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after buying an additional 128 shares during the period. Golden State Equity Partners boosted its holdings in Dominion Energy by 1.7% in the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 129 shares in the last quarter. Covestor Ltd increased its position in Dominion Energy by 49.8% during the 1st 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. NewEdge Advisors LLC raised its holdings in Dominion Energy by 0.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after purchasing an additional 132 shares in the last quarter. Finally, Ergoteles LLC lifted its position in shares of Dominion Energy by 3.2% in the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on D shares. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Mizuho reduced their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research report on Monday, March 11th. Finally, Barclays reduced their target price 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. One investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.10.

Insider Activity

In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 shares were acquired 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 owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Dominion Energy Stock Performance

D opened at $47.92 on Tuesday. 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 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 fifty day moving average of $47.30 and a 200 day moving average of $45.96. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the company earned $1.06 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

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.