Phoenix Wealth Advisors Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Phoenix Wealth Advisors trimmed its position in Dominion Energy, Inc. (NYSE:D) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 9,311 shares of the utilities provider’s stock after selling 396 shares during the quarter. Phoenix Wealth Advisors’ holdings in Dominion Energy were worth $452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Wellington Management Group LLP increased its holdings in shares of Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Dominion Energy by 93,554.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after acquiring an additional 9,854,975 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Dominion Energy by 50.4% in the first quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock valued at $1,005,266,000 after acquiring an additional 6,028,220 shares during the last quarter. Norges Bank purchased a new stake in Dominion Energy during the fourth quarter valued at about $332,276,000. Finally, Magellan Asset Management Ltd lifted its stake in Dominion Energy by 53.1% during the third quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock worth $199,800,000 after purchasing an additional 1,551,611 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average price 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 in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased 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 owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on D. Guggenheim reduced their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Scotiabank reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday. 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. Finally, StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.10.

Dominion Energy Trading Down 2.2 %

D traded down $1.06 during trading on Wednesday, hitting $46.86. 3,467,500 shares of the stock traded hands, compared to its average volume of 4,664,948. The firm has a market capitalization of $39.25 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The firm has a 50-day moving average of $47.34 and a 200 day moving average of $45.97.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The business had revenue of $3.53 billion during 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 revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend 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.