Dominion Energy, Inc. (NYSE:D) Stake Lessened by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,776 shares of the utilities provider’s stock after selling 642 shares during the period. TCI Wealth Advisors Inc.’s holdings in Dominion Energy were worth $647,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $30,000. Venturi Wealth Management LLC grew 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 worth $32,000 after acquiring an additional 310 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Dominion Energy during the third quarter worth $36,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of Dominion Energy by 91.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 400 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The stock was purchased 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 owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased 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 of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays cut their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a research report on Monday, March 11th. Bank of America boosted their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Finally, Evercore ISI upped their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $50.45.

Dominion Energy Stock Up 0.5 %

NYSE D traded up $0.24 on Friday, reaching $51.40. The stock had a trading volume of 3,741,756 shares, compared to its average volume of 4,113,876. The business has a 50 day moving average price of $48.67 and a 200 day moving average price of $46.76. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.27. The company has a market capitalization of $43.05 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. 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 previous year, the company posted $0.99 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy 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.