Dominion Energy, Inc. (NYSE:D) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 8.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,427 shares of the utilities provider’s stock after selling 1,389 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Dominion Energy were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in D. MeadowBrook Investment Advisors LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at about $115,000. Pointe Capital Management LLC increased its position in shares of Dominion Energy by 84.5% in the fourth quarter. Pointe Capital Management LLC now owns 8,659 shares of the utilities provider’s stock valued at $407,000 after buying an additional 3,967 shares in the last quarter. TCG Advisory Services LLC raised its stake in shares of Dominion Energy by 218.1% during the 4th quarter. TCG Advisory Services LLC now owns 28,817 shares of the utilities provider’s stock worth $1,354,000 after buying an additional 19,758 shares during the period. Sapient Capital LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at approximately $206,000. Finally, Axxcess Wealth Management LLC grew its stake in Dominion Energy by 17.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 28,735 shares of the utilities provider’s stock valued at $1,351,000 after acquiring an additional 4,214 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $52.15 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The business’s 50 day moving average price is $48.85 and its 200 day moving average price is $46.92. The company has a market cap of $43.68 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.02.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share 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 7.50%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

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 paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.12%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on D shares. Wells Fargo & Company increased their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. BMO Capital Markets raised their price target on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday. Scotiabank cut their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.73.

Insider Transactions at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was 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 of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a document filed 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, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

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.