Private Advisor Group LLC Has $4.65 Million Stake in Dominion Energy, Inc. (NYSE:D)

Private Advisor Group LLC reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,993 shares of the utilities provider’s stock after selling 30,725 shares during the period. Private Advisor Group LLC’s holdings in Dominion Energy were worth $4,652,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Mackenzie Financial Corp lifted its stake in shares of Dominion Energy by 4.9% in the third quarter. Mackenzie Financial Corp now owns 205,989 shares of the utilities provider’s stock valued at $8,748,000 after buying an additional 9,584 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Dominion Energy by 5.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 144,507 shares of the utilities provider’s stock valued at $6,455,000 after buying an additional 7,133 shares during the last quarter. Advisor Partners II LLC boosted its holdings in Dominion Energy by 55.3% during the 3rd quarter. Advisor Partners II LLC now owns 9,369 shares of the utilities provider’s stock worth $419,000 after acquiring an additional 3,337 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Dominion Energy by 14.5% in the 3rd quarter. Park Avenue Securities LLC now owns 37,321 shares of the utilities provider’s stock worth $1,667,000 after acquiring an additional 4,740 shares in the last quarter. Finally, TIAA Trust National Association purchased a new stake in shares of Dominion Energy in the third quarter valued at about $1,696,000. 73.04% of the stock is owned by institutional investors.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost 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 disclosure for this purchase can be found here. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

D has been the topic of several research analyst reports. Scotiabank cut their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Guggenheim decreased their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Wells Fargo & Company increased their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Finally, StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.73.

Dominion Energy Stock Performance

NYSE D opened at $52.84 on Friday. The firm has a market cap of $44.26 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.43 and a beta of 0.59. The company has a 50-day simple moving average of $48.93 and a two-hundred day simple moving average of $46.95. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.02.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. Dominion Energy’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.05%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.