Dominion Energy, Inc. (NYSE:D) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,362 shares of the utilities provider’s stock after selling 2,796 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Dominion Energy were worth $2,132,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at about $30,000. FSC Wealth Advisors LLC lifted its holdings in shares of Dominion Energy by 149.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 410 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings 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. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at about $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on D. Mizuho reduced their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Scotiabank reduced their price objective on 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. Barclays reduced their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Guggenheim reduced their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Wells Fargo & Company upped their price objective on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy Stock Performance

Shares of D stock traded down $0.52 during trading hours on Friday, reaching $50.45. 3,477,143 shares of the company’s stock were exchanged, compared to its average volume of 3,882,772. The company has a market cap of $42.26 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 3.43 and a beta of 0.61. The company’s 50 day moving average is $48.17 and its two-hundred day moving average is $46.37. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.90. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were acquired 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 approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on 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 acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction 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 owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

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.