Culbertson A N & Co. Inc. Cuts Stake in Dominion Energy Inc (NYSE:D)

Culbertson A N & Co. Inc. cut its stake in Dominion Energy Inc (NYSE:D) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,882 shares of the utilities provider’s stock after selling 529 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Dominion Energy were worth $1,978,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Kanawha Capital Management LLC raised its stake in shares of Dominion Energy by 0.5% in the second quarter. Kanawha Capital Management LLC now owns 172,106 shares of the utilities provider’s stock worth $13,307,000 after purchasing an additional 805 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Dominion Energy in the second quarter valued at approximately $460,000. D. E. Shaw & Co. Inc. grew its holdings in Dominion Energy by 102.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 81,733 shares of the utilities provider’s stock valued at $6,319,000 after purchasing an additional 41,369 shares during the period. Victory Capital Management Inc. grew its holdings in Dominion Energy by 5.1% in the second quarter. Victory Capital Management Inc. now owns 287,741 shares of the utilities provider’s stock valued at $22,248,000 after purchasing an additional 13,875 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Dominion Energy by 21.6% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 555,882 shares of the utilities provider’s stock valued at $42,982,000 after purchasing an additional 98,871 shares during the period. 65.39% of the stock is currently owned by institutional investors.

NYSE:D traded down $0.50 on Monday, reaching $83.50. The company’s stock had a trading volume of 93,402 shares, compared to its average volume of 2,379,040. Dominion Energy Inc has a 12-month low of $68.28 and a 12-month high of $84.42. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 1.20. The firm has a market cap of $69.14 billion, a price-to-earnings ratio of 62.80, a price-to-earnings-growth ratio of 4.05 and a beta of 0.22. The stock has a 50 day moving average price of $82.08 and a 200 day moving average price of $80.00.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts expect that Dominion Energy Inc will post 4.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 4.50%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. Dominion Energy’s payout ratio is currently 90.62%.

D has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Argus lifted their price target on Dominion Energy from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Morgan Stanley lifted their price target on Dominion Energy from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 price target on shares of Dominion Energy in a research note on Sunday, January 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $81.90.

In other Dominion Energy news, CEO Diane Leopold sold 11,500 shares of Dominion Energy stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $82.48, for a total value of $948,520.00. Following the sale, the chief executive officer now owns 60,564 shares in the company, valued at $4,995,318.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

Further Reading: Treasury Bonds

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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