Xponance Inc. Reduces Position in Dominion Energy, Inc. (NYSE:D)

Xponance Inc. lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,288 shares of the utilities provider’s stock after selling 21,362 shares during the period. Xponance Inc.’s holdings in Dominion Energy were worth $6,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. Flynn Zito Capital Management LLC acquired a new position in Dominion Energy in the fourth quarter valued at $209,000. Federated Hermes Inc. lifted its stake in Dominion Energy by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after buying an additional 75,600 shares during the last quarter. HF Advisory Group LLC boosted its holdings in shares of Dominion Energy by 6.8% in the fourth quarter. HF Advisory Group LLC now owns 5,131 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 328 shares during the period. Waterfront Wealth Inc. grew its position in shares of Dominion Energy by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 17,294 shares of the utilities provider’s stock worth $813,000 after acquiring an additional 282 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Dominion Energy by 6.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 74,238 shares of the utilities provider’s stock valued at $3,489,000 after purchasing an additional 4,370 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE D opened at $49.84 on Friday. The business has a 50 day moving average price of $47.61 and a 200 day moving average price of $46.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market capitalization of $41.75 billion, a P/E ratio of 21.39, a PEG ratio of 1.91 and a beta of 0.61. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.90.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business 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 posted $1.06 earnings per share. Dominion Energy’s revenue was down 7.2% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal 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 issued a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.36%. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

Insider Activity

In other news, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction dated Monday, March 4th. The stock was bought 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 directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on D. Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Guggenheim decreased their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Scotiabank cut their price target on 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. Wells Fargo & Company lifted 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. Finally, Mizuho dropped their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $50.10.

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.