Dominion Energy, Inc. (NYSE:D) Shares Sold by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,367 shares of the utilities provider’s stock after selling 5,744 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Dominion Energy were worth $1,521,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Providence Capital Advisors LLC boosted its holdings in Dominion Energy by 0.6% during 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 during the period. Valmark Advisers Inc. raised its position in shares of Dominion Energy by 3.9% during the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock valued at $298,000 after buying an additional 250 shares during the last quarter. Tyler Stone Wealth Management raised its position in shares of 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 buying an additional 250 shares during the last quarter. Parkside Financial Bank & Trust raised its position 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 valued at $115,000 after buying an additional 259 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC raised its position in shares of Dominion Energy by 2.7% during the third quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock valued at $442,000 after buying an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Barclays cut their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Scotiabank dropped their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research report on Monday, March 11th. Finally, Wells Fargo & Company increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.10.

Dominion Energy Price Performance

Dominion Energy stock traded down $0.26 during trading hours on Thursday, hitting $50.97. 4,517,550 shares of the stock were exchanged, compared to its average volume of 5,351,358. 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 $42.69 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.00 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.90. The business’s 50-day moving average is $48.08 and its two-hundred day moving average is $46.31.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. Dominion Energy’s quarterly 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. Equities research analysts expect that Dominion Energy, Inc. will post 2.84 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.24%. Dominion Energy’s dividend payout ratio (DPR) 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.