SouthState Corp Has $1.04 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

SouthState Corp decreased its stake in Dominion Energy, Inc. (NYSE:D) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,202 shares of the utilities provider’s stock after selling 3,744 shares during the quarter. SouthState Corp’s holdings in Dominion Energy were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new position in Dominion Energy during the fourth quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $30,000. Venturi Wealth Management LLC lifted its stake in shares of 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 during the last quarter. Janiczek Wealth Management LLC increased its position in Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after buying an additional 804 shares during the last quarter. Finally, Briaud Financial Planning Inc acquired a new position in Dominion Energy during the third quarter worth $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Buying and Selling

In related news, Director Joseph M. Rigby acquired 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, for a total transaction of $99,982.20. Following the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy 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 acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Dominion Energy Trading Up 0.5 %

Shares of NYSE D traded up $0.24 during midday trading on Friday, reaching $51.40. The stock had a trading volume of 3,738,691 shares, compared to its average volume of 5,283,480. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.27. 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 company’s 50 day moving average price is $48.60 and its 200 day moving average price is $46.62. The firm 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 (NYSE:D) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The business’s revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

D has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays decreased their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Guggenheim decreased their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Evercore ISI raised their target price on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday. Finally, BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research note on Monday, March 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.45.

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.