EdgeRock Capital LLC Purchases New Holdings in Dominion Energy, Inc. (NYSE:D)

EdgeRock Capital LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,779 shares of the utilities provider’s stock, valued at approximately $81,000.

Several other institutional investors have also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy in the 4th quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy in the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its holdings in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Dominion Energy in the 3rd quarter valued at approximately $36,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in Dominion Energy by 91.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of several research analyst reports. Bank of America boosted their price target on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Scotiabank decreased their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company boosted their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets upped their target price on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $50.73.

Dominion Energy Stock Up 1.4 %

NYSE D traded up $0.71 during trading hours on Tuesday, hitting $52.12. The company had a trading volume of 3,526,362 shares, compared to its average volume of 5,237,815. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.27. The company has a market capitalization of $43.66 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 3.43 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm’s 50 day moving average is $48.85 and its 200 day moving average is $46.92.

Dominion Energy (NYSE:D) last announced 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. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the firm earned $0.99 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Dominion Energy

In related news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were acquired 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 owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

About Dominion Energy

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.