Hunter Associates Investment Management LLC Sells 3,371 Shares of Dominion Energy, Inc. (NYSE:D)

Hunter Associates Investment Management LLC cut its stake in Dominion Energy, Inc. (NYSE:D) by 43.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,308 shares of the utilities provider’s stock after selling 3,371 shares during the period. Hunter Associates Investment Management LLC’s holdings in Dominion Energy were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of D. Fidelis Capital Partners LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $269,000. Flynn Zito Capital Management LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $209,000. Federated Hermes Inc. grew its position in shares of Dominion Energy by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares during the period. HF Advisory Group LLC boosted its position in Dominion Energy by 6.8% during the 4th quarter. HF Advisory Group LLC now owns 5,131 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 328 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its position in Dominion Energy by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 17,294 shares of the utilities provider’s stock worth $813,000 after acquiring an additional 282 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Insider Transactions at Dominion Energy

In related news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, 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. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on D. Scotiabank reduced their price target on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Barclays dropped their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Guggenheim dropped their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Mizuho dropped their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.10.

Dominion Energy Stock Performance

D traded up $1.27 during trading hours on Friday, reaching $49.84. The company’s stock had a trading volume of 4,112,500 shares, compared to its average volume of 4,242,504. 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 firm has a market cap of $41.75 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.61. The company’s 50-day moving average is $47.61 and its 200-day moving average is $46.06. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 for 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 quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 114.59%.

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.