Flynn Zito Capital Management LLC Takes $209,000 Position in Dominion Energy, Inc. (NYSE:D)

Flynn Zito Capital Management LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,440 shares of the utilities provider’s stock, valued at approximately $209,000.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. grew its holdings in Dominion Energy by 7.7% during the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares during the period. Prudential PLC bought a new position in Dominion Energy during the first quarter worth about $1,528,000. Sequoia Financial Advisors LLC grew its holdings in Dominion Energy by 30.0% during the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 1,661 shares during the period. Covestor Ltd grew its holdings in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the period. Finally, Merit Financial Group LLC bought a new position in Dominion Energy during the first quarter worth about $419,000. Institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now directly 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 SEC, which can be accessed through the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired 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 in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Dominion Energy Trading Up 0.5 %

D traded up $0.25 during trading on Thursday, reaching $48.57. 2,821,938 shares of the stock traded hands, compared to its average volume of 5,418,091. The stock’s 50-day moving average is $47.41 and its 200 day moving average is $45.99. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.90. The stock has a market capitalization of $40.68 billion, a PE ratio of 20.79, a P/E/G ratio of 1.84 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last announced 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). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the company posted $1.06 EPS. Dominion Energy’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.50%. Dominion Energy’s dividend payout ratio is presently 114.59%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of research analyst reports. Scotiabank reduced their price target on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research report on Monday, March 11th. Wells Fargo & Company raised their price objective 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. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Mizuho cut their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.10.

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.