United Asset Strategies Inc. Buys 1,309 Shares of Dominion Energy, Inc. (NYSE:D)

United Asset Strategies Inc. grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 17.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,681 shares of the utilities provider’s stock after acquiring an additional 1,309 shares during the period. United Asset Strategies Inc.’s holdings in Dominion Energy were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Nations Financial Group Inc. IA ADV lifted its position in shares of Dominion Energy by 1.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after buying an additional 128 shares in the last quarter. Golden State Equity Partners lifted its position in shares of Dominion Energy by 1.7% during the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after buying an additional 129 shares in the last quarter. Covestor Ltd lifted its position in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Dominion Energy by 0.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 132 shares in the last quarter. Finally, Ergoteles LLC lifted its position in shares of Dominion Energy by 3.2% during the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock valued at $401,000 after buying an additional 146 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The shares were bought at an average price of $45.91 per share, with a total value of $997,853.85. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Joseph M. Rigby bought 2,130 shares of the 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 acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price 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. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Guggenheim lowered 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. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Barclays lowered 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. Mizuho lowered their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. One investment 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. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $50.10.

Dominion Energy Stock Performance

NYSE D opened at $48.33 on Thursday. The company has a market cap of $40.48 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.84 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. The business’s 50 day moving average price is $47.41 and its 200-day moving average price is $45.99. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.64.

Dominion Energy (NYSE:D) 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 the consensus estimate 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 for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. Sell-side analysts predict that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.52%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 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.