Dominion Energy, Inc. (NYSE:D) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the utilities provider’s stock after selling 2,000 shares during the period. Washington Trust Advisors Inc.’s holdings in Dominion Energy were worth $94,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new stake in Dominion Energy in the first quarter valued at approximately $28,000. FSC Wealth Advisors LLC lifted its stake in Dominion Energy by 149.6% in the third 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 during the last quarter. Covestor Ltd lifted its stake in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. Live Oak Investment Partners acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $34,000. Finally, Briaud Financial Planning Inc acquired a new stake in Dominion Energy in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on D shares. Mizuho dropped their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, March 11th. Wells Fargo & Company lifted their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Finally, Scotiabank dropped their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. One investment analyst has 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, the company presently has an average rating of “Hold” and an average target price of $49.90.

Dominion Energy Price Performance

NYSE D traded up $0.67 during trading on Thursday, reaching $49.19. 2,048,560 shares of the company traded hands, compared to its average volume of 5,688,022. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The company has a market cap of $41.20 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.91 and a beta of 0.61. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.69. The stock’s 50 day moving average price is $46.34 and its two-hundred day moving average price is $45.81.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. As a group, analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is 114.59%.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Joseph M. Rigby bought 2,130 shares of the business’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 purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly 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. Corporate insiders own 0.14% of the company’s stock.

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.