Dominion Energy, Inc. (NYSE:D) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 43.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,135 shares of the utilities provider’s stock after selling 4,668 shares during the quarter. Tranquility Partners LLC’s holdings in Dominion Energy were worth $288,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Dominion Energy by 7.7% during the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares during the period. Prudential PLC purchased a new position in shares of Dominion Energy during the first quarter valued at $1,528,000. Sequoia Financial Advisors LLC grew its stake in Dominion Energy by 30.0% in the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 1,661 shares in the last quarter. Covestor Ltd grew its stake in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Dominion Energy in the first quarter valued at about $419,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on D shares. Mizuho cut their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research report on Monday, March 11th. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Scotiabank cut their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th. Finally, StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.10.

Insider Activity

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Blue purchased 21,735 shares of the firm’s 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 transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock traded up $0.19 on Thursday, hitting $48.51. 197,488 shares of the company’s stock were exchanged, compared to its average volume of 5,390,926. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.90. The stock has a market cap of $40.63 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. The company has a 50 day moving average of $47.41 and a 200 day moving average of $45.99.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company earned $1.06 EPS. Dominion Energy’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities research analysts predict 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. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.50%. Dominion Energy’s payout ratio is 114.59%.

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.