Calamos Advisors LLC Cuts Stake in Dominion Energy, Inc. (NYSE:D)

Calamos Advisors LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,180 shares of the utilities provider’s stock after selling 1,819 shares during the quarter. Calamos Advisors LLC’s holdings in Dominion Energy were worth $6,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of D. Nations Financial Group Inc. IA ADV grew 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 last quarter. Golden State Equity Partners grew its position in Dominion Energy by 1.7% in the 1st 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 during the last quarter. Covestor Ltd grew its position in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. NewEdge Advisors LLC increased its stake in Dominion Energy by 0.3% in the first 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 during the period. Finally, Ergoteles LLC boosted its stake in shares of Dominion Energy by 3.2% during the first quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 146 shares during the period. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Scotiabank decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Mizuho lowered 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. Wells Fargo & Company raised their price objective on 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 cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. One 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.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $50.10.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction that occurred 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 purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price 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 disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $49.84 on Friday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.90. The company has a market capitalization of $41.75 billion, a PE ratio of 21.39, a P/E/G ratio of 1.96 and a beta of 0.61. 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 company has a 50-day simple moving average of $47.61 and a two-hundred day simple moving average of $46.09.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS 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 for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the company earned $1.06 EPS. The company’s revenue was down 7.2% on a year-over-year basis. Research analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 5.36%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

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.