Clearstead Trust LLC Sells 773 Shares of Dominion Energy, Inc. (NYSE:D)

Clearstead Trust LLC trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 53.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 683 shares of the utilities provider’s stock after selling 773 shares during the quarter. Clearstead Trust LLC’s holdings in Dominion Energy were worth $32,000 as of its most recent SEC filing.

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

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.24 during trading hours on Friday, hitting $51.40. 3,741,756 shares of the company were exchanged, compared to its average volume of 4,113,876. 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 market capitalization of $43.05 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.43 and a beta of 0.59. The business has a 50-day moving average of $48.67 and a 200-day moving average of $46.76. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.27.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion for 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 7.46%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on D shares. Mizuho raised their target price on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a report on Monday, March 11th. Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company raised their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.45.

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.