Stonegate Investment Group LLC Increases Position in Dominion Energy, Inc. (NYSE:D)

Stonegate Investment Group LLC increased its position in Dominion Energy, Inc. (NYSE:DFree Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,221 shares of the utilities provider’s stock after buying an additional 383 shares during the period. Stonegate Investment Group LLC’s holdings in Dominion Energy were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after acquiring an additional 14,105,237 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after purchasing an additional 9,854,975 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Dominion Energy by 50.4% in the 1st quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock worth $1,005,266,000 after purchasing an additional 6,028,220 shares during the period. Norges Bank purchased a new stake in Dominion Energy during the 4th quarter valued at approximately $332,276,000. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Dominion Energy in the second quarter worth $183,757,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity

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

Dominion Energy Stock Down 0.9 %

Shares of D stock opened at $48.71 on Wednesday. The stock’s fifty day moving average price is $46.70 and its 200 day moving average price is $45.85. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.69. The company has a market cap of $40.80 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. 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 (NYSE:DGet Free Report) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. On average, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.48%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Analysts Set New Price Targets

Several analysts have recently issued reports on D shares. Mizuho decreased their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Wells Fargo & Company increased 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 report on Thursday, March 7th. Guggenheim dropped their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Scotiabank dropped their target price on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.90.

Get Our Latest Report on Dominion Energy

Dominion Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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