MeadowBrook Investment Advisors LLC Acquires New Stake in Dominion Energy, Inc. (NYSE:D)

MeadowBrook Investment Advisors LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,440 shares of the utilities provider’s stock, valued at approximately $115,000.

A number of other large investors have also made changes to their positions in D. Lindbrook Capital LLC boosted its stake in Dominion Energy by 12.2% in the 3rd quarter. Lindbrook Capital LLC now owns 12,163 shares of the utilities provider’s stock worth $543,000 after buying an additional 1,325 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Dominion Energy by 15.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 26,015 shares of the utilities provider’s stock valued at $1,162,000 after purchasing an additional 3,550 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dominion Energy by 1.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 224,354 shares of the utilities provider’s stock valued at $10,022,000 after purchasing an additional 3,846 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Dominion Energy by 4.9% in the 3rd quarter. Mackenzie Financial Corp now owns 205,989 shares of the utilities provider’s stock valued at $8,748,000 after purchasing an additional 9,584 shares in the last quarter. Finally, Cambridge Trust Co. lifted its stake in shares of Dominion Energy by 72.4% in the 3rd quarter. Cambridge Trust Co. now owns 7,647 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 3,211 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The stock was bought 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 owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The stock was bought 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 owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

Dominion Energy Stock Performance

NYSE:D traded up $0.01 during midday trading on Monday, reaching $51.41. 3,000,654 shares of the company traded hands, compared to its average volume of 5,257,239. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.27. The firm has a market capitalization of $43.06 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The company has a fifty day moving average price of $48.76 and a 200 day moving average price of $46.83.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on D. BMO Capital Markets lifted their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday. Mizuho raised their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday. Bank of America raised their target price on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Guggenheim dropped their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Finally, Evercore ISI raised their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.73.

Dominion Energy 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.