Pointe Capital Management LLC Has $407,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Pointe Capital Management LLC increased its holdings in Dominion Energy, Inc. (NYSE:D) by 84.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,659 shares of the utilities provider’s stock after purchasing an additional 3,967 shares during the quarter. Pointe Capital Management LLC’s holdings in Dominion Energy were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings 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 worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP raised its stake in Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Northern Trust Corp lifted its holdings in Dominion Energy by 2.7% in the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after buying an additional 220,238 shares during the period. Federated Hermes Inc. boosted its position in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after acquiring an additional 75,600 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after acquiring an additional 803,341 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on D shares. Scotiabank cut their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Barclays reduced 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. 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 research report on Monday, March 4th. Mizuho raised their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday. Finally, BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.45.

Dominion Energy Stock Up 0.5 %

D traded up $0.24 during midday trading on Friday, reaching $51.40. 3,741,756 shares of the company were exchanged, compared to its average volume of 4,113,876. The company has a market cap of $43.05 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.27. The company’s fifty day moving average price is $48.67 and its 200 day moving average price is $46.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

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, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. Dominion Energy’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Insider Transactions at Dominion Energy

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

Dominion Energy 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.