Cary Street Partners Investment Advisory LLC Has $802,000 Stake in Dominion Energy, Inc. (NYSE:D)

Cary Street Partners Investment Advisory LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 90.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,061 shares of the utilities provider’s stock after selling 155,410 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Dominion Energy were worth $802,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in 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 valued at $729,898,000 after acquiring an additional 14,105,237 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Magellan Asset Management Ltd grew its holdings in shares of Dominion Energy by 53.1% during the third quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock worth $199,800,000 after purchasing an additional 1,551,611 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Dominion Energy by 12.0% during the third quarter. Federated Hermes Inc. now owns 7,536,507 shares of the utilities provider’s stock worth $336,656,000 after purchasing an additional 805,570 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.3 %

NYSE:D opened at $50.98 on Wednesday. The firm has a market capitalization of $42.70 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 3.42 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $48.39 and its two-hundred day moving average price is $46.55. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’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 business earned $1.06 EPS. On average, equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Mizuho decreased their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Bank of America raised their price target on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. BMO Capital Markets cut Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. Finally, Barclays decreased 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, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.10.

Insider Buying and Selling at Dominion Energy

In other news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction on 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 purchase, the director now owns 8,417 shares of the company’s stock, 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 purchased 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, 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 $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, 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. Company insiders own 0.12% of the company’s stock.

About Dominion Energy

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.