Verus Financial Partners Inc. Has $780,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Verus Financial Partners Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,115 shares of the utilities provider’s stock after selling 778 shares during the quarter. Verus Financial Partners Inc.’s holdings in Dominion Energy were worth $780,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. Barclays dropped their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Guggenheim cut their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company raised their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.73.

Insiders Place Their Bets

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Dominion Energy Stock Performance

D stock traded up $0.73 during midday trading on Thursday, reaching $52.88. 1,072,247 shares of the company’s stock traded hands, compared to its average volume of 5,167,467. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.02. The company has a 50-day moving average price of $48.85 and a two-hundred day moving average price of $46.92. 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 capitalization of $44.29 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

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

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.