Monument Group Wealth Advisors LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Monument Group Wealth Advisors LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, Holdings Channel.com reports. The fund bought 4,354 shares of the utilities provider’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Criterion Capital Advisors LLC bought a new position in Dominion Energy in the fourth quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $30,000. FSC Wealth Advisors LLC increased its holdings in Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 410 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares during the period. Finally, Briaud Financial Planning Inc bought a new position in Dominion Energy during the third quarter worth about $36,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.1 %

Dominion Energy stock opened at $50.67 on Wednesday. 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 stock has a 50-day simple moving average of $47.84 and a 200 day simple moving average of $46.25. The stock has a market capitalization of $42.44 billion, a P/E ratio of 21.75, a PEG ratio of 1.99 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. Analysts expect that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s payout ratio is presently 114.59%.

Insider Transactions at Dominion Energy

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays lowered their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, March 11th. Wells Fargo & Company boosted their price objective on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Mizuho dropped their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, Scotiabank reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.10.

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.