Dover Advisors LLC Sells 2,184 Shares of Dominion Energy, Inc. (NYSE:D)

Dover Advisors LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,991 shares of the utilities provider’s stock after selling 2,184 shares during the quarter. Dover Advisors LLC’s holdings in Dominion Energy were worth $893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy in the fourth quarter worth about $30,000. Venturi Wealth Management LLC boosted its position in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares in the last quarter. FSC Wealth Advisors LLC boosted its position in Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 410 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of several research reports. BMO Capital Markets cut Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Mizuho cut their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Wells Fargo & Company boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Scotiabank dropped their price target 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. Finally, Guggenheim dropped their price target 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy Price Performance

Shares of D traded down $0.52 during midday trading on Friday, hitting $50.45. 3,477,143 shares of the company traded hands, compared to its average volume of 3,882,772. The firm has a 50 day moving average of $48.17 and a 200-day moving average of $46.42. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90. The stock has a market cap of $42.26 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.40 and a beta of 0.61. 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 released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS 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 the consensus estimate of $4.21 billion. During the same period last year, the company earned $1.06 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The shares were bought 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 approximately $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost 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 approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

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.