Investors Sell Shares of Dominion Energy (D) on Strength (D)

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Traders sold shares of Dominion Energy Inc (NYSE:D) on strength during trading on Tuesday. $57.24 million flowed into the stock on the tick-up and $161.50 million flowed out of the stock on the tick-down, for a money net flow of $104.26 million out of the stock. Of all companies tracked, Dominion Energy had the 14th highest net out-flow for the day. Dominion Energy traded up $0.28 for the day and closed at $73.54

A number of brokerages have recently commented on D. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. Wells Fargo & Co boosted their price objective on Dominion Energy from $73.00 to $80.00 and gave the stock a “market perform” rating in a research report on Monday, December 17th. Barclays set a $79.00 price objective on Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $84.00 in a research note on Thursday, November 29th. Finally, Zacks Investment Research restated a “sell” rating on shares of Dominion Energy in a research note on Monday, December 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $85.55.

The company has a market capitalization of $48.09 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 3.20 and a beta of 0.21. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. Dominion Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, analysts forecast that Dominion Energy Inc will post 4.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be paid a $0.9175 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.67 dividend on an annualized basis and a yield of 4.99%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s payout ratio is currently 82.47%.

In other news, CFO James R. Chapman acquired 4,053 shares of Dominion Energy stock in a transaction on Wednesday, December 19th. The stock was bought at an average price of $74.02 per share, for a total transaction of $300,003.06. Following the completion of the purchase, the chief financial officer now owns 22,256 shares in the company, valued at $1,647,389.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the sale, the chief executive officer now owns 48,677 shares of the company’s stock, valued at approximately $3,471,156.87. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Brown Advisory Inc. increased its holdings in shares of Dominion Energy by 12.0% in the third quarter. Brown Advisory Inc. now owns 146,077 shares of the utilities provider’s stock valued at $10,266,000 after purchasing an additional 15,596 shares during the period. Canada Pension Plan Investment Board grew its holdings in Dominion Energy by 17.5% during the third quarter. Canada Pension Plan Investment Board now owns 10,068 shares of the utilities provider’s stock worth $708,000 after acquiring an additional 1,500 shares during the period. Griffin Asset Management Inc. grew its holdings in Dominion Energy by 10.2% during the third quarter. Griffin Asset Management Inc. now owns 95,105 shares of the utilities provider’s stock worth $6,684,000 after acquiring an additional 8,785 shares during the period. Moody National Bank Trust Division grew its holdings in Dominion Energy by 0.8% during the fourth quarter. Moody National Bank Trust Division now owns 49,282 shares of the utilities provider’s stock worth $3,521,000 after acquiring an additional 399 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its holdings in Dominion Energy by 85.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,850 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 850 shares during the period. Institutional investors own 67.97% of the company’s stock.

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About Dominion Energy (NYSE:D)

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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