Dominion Energy, Inc. (NYSE:D) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its holdings in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,186 shares of the utilities provider’s stock after selling 31,837 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dominion Energy were worth $7,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares during the last quarter. Janiczek Wealth Management LLC raised its position in shares of Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after buying an additional 804 shares during the last quarter. Finally, Operose Advisors LLC raised its position in shares of Dominion Energy by 60.3% in the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $37,000 after buying an additional 311 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $43.00 to $54.00 in a report on Friday, May 10th. Barclays decreased 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 note on Monday, April 15th. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Evercore ISI upped their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.73.

Read Our Latest Stock Report on Dominion Energy

Dominion Energy Stock Up 0.5 %

D traded up $0.25 during trading on Friday, hitting $52.79. The company had a trading volume of 2,134,359 shares, compared to its average volume of 3,909,238. The company has a market cap of $44.22 billion, a PE ratio of 27.21, a P/E/G ratio of 1.41 and a beta of 0.59. The business has a 50-day moving average of $50.36 and a 200-day moving average of $47.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.74.

Dominion Energy (NYSE:DGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. As a group, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.06%. Dominion Energy’s dividend payout ratio is presently 137.63%.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost 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 $8,091,178.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought 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 $395,093.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost 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 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 currently owned by corporate insiders.

Dominion Energy 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.

See Also

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

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