Dominion Energy, Inc. (NYSE:D) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,076 shares of the utilities provider’s stock after selling 9,573 shares during the period. Amalgamated Bank’s holdings in Dominion Energy were worth $9,451,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC raised its stake in shares of Dominion Energy by 401.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 87,405 shares of the utilities provider’s stock valued at $4,108,000 after purchasing an additional 69,970 shares during the period. Natixis Advisors L.P. increased its stake in Dominion Energy by 35.3% during the 4th quarter. Natixis Advisors L.P. now owns 748,409 shares of the utilities provider’s stock worth $35,175,000 after buying an additional 195,436 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in Dominion Energy by 5.5% in the 4th quarter. First Trust Direct Indexing L.P. now owns 19,319 shares of the utilities provider’s stock worth $908,000 after buying an additional 1,004 shares in the last quarter. Searle & CO. acquired a new position in Dominion Energy in the 4th quarter worth $331,000. Finally, Savant Capital LLC boosted its position in Dominion Energy by 9.7% in the 4th quarter. Savant Capital LLC now owns 9,832 shares of the utilities provider’s stock valued at $462,000 after buying an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D traded up $0.24 during trading hours on Friday, reaching $51.40. 3,741,756 shares of the company’s stock traded hands, compared to its average volume of 4,113,876. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.27. The business’s fifty day simple moving average is $48.60 and its two-hundred day simple moving average is $46.62. 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 firm has a market capitalization of $43.05 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 3.42 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.46%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s revenue was down 6.5% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue acquired 21,735 shares of the business’s 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 acquisition, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of 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 disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on D shares. Wells Fargo & Company upped their price objective on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday. Mizuho lifted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America raised their price target on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Scotiabank lowered their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $50.45.

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.