Wealthcare Advisory Partners LLC Has $678,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Wealthcare Advisory Partners LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,427 shares of the utilities provider’s stock after selling 1,389 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Dominion Energy were worth $678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Providence Capital Advisors LLC boosted its holdings in shares of Dominion Energy by 0.6% in the 3rd quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after purchasing an additional 228 shares in the last quarter. Valmark Advisers Inc. boosted its stake in Dominion Energy by 3.9% in the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock worth $298,000 after buying an additional 250 shares in the last quarter. Tyler Stone Wealth Management grew its position in Dominion Energy by 6.3% during the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock valued at $189,000 after acquiring an additional 250 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Dominion Energy by 11.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 259 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC lifted its holdings in shares of Dominion Energy by 2.7% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock worth $442,000 after acquiring an additional 260 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on D shares. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Bank of America upped their price target on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Mizuho raised their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Guggenheim lowered their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Wells Fargo & Company raised their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.73.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue purchased 21,735 shares of the business’s 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 completion of the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost 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 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 the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were purchased 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 directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $52.15 on Thursday. The business has a 50-day simple moving average of $48.85 and a two-hundred day simple moving average of $46.92. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a market cap of $43.68 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.02.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.12%. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.