Simmons Bank Trims Stake in Dominion Energy, Inc. (NYSE:D)

Simmons Bank decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,233 shares of the utilities provider’s stock after selling 6,430 shares during the period. Simmons Bank’s holdings in Dominion Energy were worth $904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in D. Providence Capital Advisors LLC increased its holdings in shares of Dominion Energy by 0.6% during the 3rd quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after buying an additional 228 shares during the last quarter. Valmark Advisers Inc. increased its stake in Dominion Energy by 3.9% during the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 250 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in shares of Dominion Energy by 6.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock worth $189,000 after purchasing an additional 250 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Dominion Energy by 11.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 259 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC grew its holdings in shares of Dominion Energy by 2.7% during the 3rd quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 260 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on D. Wells Fargo & Company lifted their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Guggenheim decreased their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. BMO Capital Markets raised their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday. Evercore ISI increased their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $50.73.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Joseph M. Rigby bought 2,130 shares of the firm’s 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Dominion Energy Stock Performance

NYSE D remained flat at $52.12 during trading hours on Wednesday. 1,997,886 shares of the company’s stock were exchanged, compared to its average volume of 5,199,152. The stock has a market capitalization of $43.66 billion, a PE ratio of 26.87, a PEG ratio of 3.43 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.02. The stock has a 50 day simple moving average of $48.85 and a 200 day simple moving average of $46.92.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

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.