Catalyst Financial Partners LLC Decreases Position in Dominion Energy, Inc. (NYSE:D)

Catalyst Financial Partners LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,539 shares of the utilities provider’s stock after selling 1,583 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Dominion Energy were worth $354,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Criterion Capital Advisors LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its stake in shares of 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 buying 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 approximately $36,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in shares of Dominion Energy by 91.1% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after buying an additional 400 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.03 during trading on Wednesday, hitting $52.15. 3,162,020 shares of the stock were exchanged, compared to its average volume of 5,214,615. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.02. The stock’s fifty day moving average is $48.85 and its 200 day moving average is $46.92. The stock has a market cap of $43.68 billion, a PE ratio of 26.88, a P/E/G ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.12%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Insider Transactions at Dominion Energy

In related news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert M. Blue purchased 21,735 shares of the 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 transaction, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on D shares. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company lifted their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. BMO Capital Markets upped their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $50.73.

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.