Sapient Capital LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Sapient Capital LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,377 shares of the utilities provider’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also made changes to their positions in D. JPMorgan Chase & Co. increased its position in shares of Dominion Energy by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after acquiring an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares in the last quarter. Northern Trust Corp grew its stake in shares of Dominion Energy by 2.7% in the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after buying an additional 220,238 shares in the last quarter. Federated Hermes Inc. increased 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 worth $357,769,000 after purchasing an additional 75,600 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after purchasing an additional 803,341 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Bank of America boosted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. Scotiabank lowered their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets increased their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.73.

Dominion Energy Price Performance

Shares of D opened at $52.12 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a market cap of $43.66 billion, a PE ratio of 26.87, a PEG ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.27. The firm’s 50 day moving average price is $48.85 and its 200 day moving average price is $46.92.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, 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 business’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased 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 owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

Dominion Energy Company 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.