Dominion Energy (NYSE:D) Trading Down 2.2%

Dominion Energy, Inc. (NYSE:D) shares fell 2.2% during trading on Wednesday . The company traded as low as $46.62 and last traded at $46.86. 3,467,500 shares traded hands during trading, a decline of 26% from the average session volume of 4,664,948 shares. The stock had previously closed at $47.92.

Analysts Set New Price Targets

A number of research firms have recently commented on D. Guggenheim reduced their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research note on Monday, March 11th. Finally, Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $50.10.

Dominion Energy Trading Down 0.1 %

The stock’s fifty day moving average price is $47.50 and its 200 day moving average price is $46.01. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The stock has a market cap of $40.62 billion, a PE ratio of 20.84, a PEG ratio of 1.90 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Insider Activity

In related news, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in D. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Dominion Energy by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,065,766 shares of the utilities provider’s stock valued at $101,615,000 after purchasing an additional 14,456 shares during the period. Eagle Ridge Investment Management raised its position in shares of Dominion Energy by 58.8% during the 1st quarter. Eagle Ridge Investment Management now owns 10,245 shares of the utilities provider’s stock valued at $504,000 after purchasing an additional 3,792 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Dominion Energy by 65.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 8,429 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 3,330 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Dominion Energy by 2.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 17,665 shares of the utilities provider’s stock valued at $869,000 after purchasing an additional 358 shares during the period. Finally, Cobblestone Asset Management LLC grew its stake in Dominion Energy by 12.1% during the first quarter. Cobblestone Asset Management LLC now owns 5,556 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 600 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

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.