Colonial River Wealth Management LLC Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Colonial River Wealth Management LLC increased its position in Dominion Energy, Inc. (NYSE:DFree Report) by 79.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,541 shares of the utilities provider’s stock after buying an additional 20,676 shares during the quarter. Dominion Energy accounts for approximately 1.3% of Colonial River Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Colonial River Wealth Management LLC’s holdings in Dominion Energy were worth $2,187,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in D. State Street Corp increased its position in Dominion Energy by 0.9% during the 2nd quarter. State Street Corp now owns 48,339,919 shares of the utilities provider’s stock valued at $2,503,524,000 after purchasing an additional 432,966 shares during the period. JPMorgan Chase & Co. increased its position in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Wellington Management Group LLP increased its position in Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after purchasing an additional 14,105,237 shares during the period. Geode Capital Management LLC increased its position in Dominion Energy by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock valued at $823,620,000 after purchasing an additional 303,891 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in Dominion Energy by 93,554.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after purchasing an additional 9,854,975 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE D traded down $0.45 during midday trading on Tuesday, hitting $48.71. 3,771,440 shares of the company’s stock traded hands, compared to its average volume of 5,690,167. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.69. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.01 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 firm has a fifty day moving average of $46.62 and a 200 day moving average of $45.85.

Dominion Energy (NYSE:DGet Free Report) last released its earnings results 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). The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.48%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is 114.59%.

Analyst Ratings Changes

D has been the topic of a number of research reports. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Scotiabank dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Guggenheim dropped their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Mizuho dropped 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. Finally, BMO Capital Markets cut shares of 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.90.

View Our Latest Research Report on D

Insider Buying and Selling

In related news, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased 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 filing with the SEC, which can be accessed through this link. Also, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Dominion Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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