Scissortail Wealth Management LLC Makes New $258,000 Investment in Dominion Energy, Inc. (NYSE:D)

Scissortail Wealth Management LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,690 shares of the utilities provider’s stock, valued at approximately $258,000.

Several other hedge funds have also added to or reduced their stakes in D. Diamond Hill Capital Management Inc. raised its position in shares of Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock valued at $178,176,000 after purchasing an additional 199,629 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Dominion Energy by 196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after purchasing an additional 259,978 shares during the period. CWM LLC raised its position in shares of Dominion Energy by 18.7% in the third quarter. CWM LLC now owns 553,557 shares of the utilities provider’s stock valued at $24,727,000 after purchasing an additional 87,280 shares during the period. Morgan Stanley raised its position in shares of Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after purchasing an additional 803,341 shares during the period. Finally, Diversified Trust Co raised its position in shares of Dominion Energy by 97.3% in the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 7,071 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 2.2 %

D stock 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. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.69. The firm’s 50 day moving average is $47.34 and its two-hundred day moving average is $45.97. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.88 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:D) last announced its quarterly 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). The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Wall Street Analyst Weigh In

D has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a report on Monday, March 11th. Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Scotiabank cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $50.10.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired 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 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. 0.12% of the stock is owned by company insiders.

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.