Swiss National Bank Sells 72,200 Shares of Dominion Energy, Inc. (NYSE:D)

Swiss National Bank lowered its stake in Dominion Energy, Inc. (NYSE:D) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,616,620 shares of the utilities provider’s stock after selling 72,200 shares during the quarter. Swiss National Bank’s holdings in Dominion Energy were worth $122,981,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy in the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the 4th quarter worth about $30,000. Venturi Wealth Management LLC increased its stake in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in Dominion Energy during the 3rd quarter valued at about $36,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake in Dominion Energy by 91.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 400 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho raised their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday. Bank of America increased their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research report on Monday, March 11th. Finally, Guggenheim dropped their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.45.

Dominion Energy Trading Up 0.5 %

Shares of D stock opened at $51.40 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.27. The stock has a market capitalization of $43.05 billion, a P/E ratio of 22.06, a P/E/G ratio of 3.42 and a beta of 0.59. The firm’s 50 day moving average is $48.60 and its 200 day moving average is $46.62.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

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.