Dominion Energy, Inc. (NYSE:D) Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lowered its position in Dominion Energy, Inc. (NYSE:D) by 52.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,687 shares of the utilities provider’s stock after selling 1,846 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Dominion Energy were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in D. Diamond Hill Capital Management Inc. increased its stake in shares of Dominion Energy by 5.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after purchasing an additional 199,629 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dominion Energy by 196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after purchasing an additional 259,978 shares in the last quarter. Morgan Stanley boosted its position in Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after buying an additional 803,341 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after purchasing an additional 157,175 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 7,071 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of several research reports. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. Mizuho lowered their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Barclays lowered their price target 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. Finally, 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 note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $49.10.

Insiders Place Their Bets

In related news, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction 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 completion of the acquisition, the director now directly 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 can be accessed through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction on Monday, March 4th. The stock was acquired at an average cost 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 disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Dominion Energy Stock Up 1.4 %

Shares of Dominion Energy stock traded up $0.69 on Monday, hitting $51.14. 2,603,696 shares of the company traded hands, compared to its average volume of 5,295,269. The company has a market cap of $42.83 billion, a PE ratio of 21.95, a PEG ratio of 3.37 and a beta of 0.61. The company has a 50-day moving average price of $48.27 and a 200 day moving average price of $46.49. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.65. 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 results 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 return on equity of 8.83% and a net margin of 12.40%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company earned $1.06 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

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.