Leavell Investment Management Inc. Sells 1,838 Shares of Dominion Energy, Inc. (NYSE:D)

Leavell Investment Management Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.2% during the third quarter, HoldingsChannel reports. The fund owned 55,814 shares of the utilities provider’s stock after selling 1,838 shares during the quarter. Leavell Investment Management Inc.’s holdings in Dominion Energy were worth $4,405,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Insight Wealth Strategies LLC boosted its stake in shares of Dominion Energy by 2.3% during the second quarter. Insight Wealth Strategies LLC now owns 5,676 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 126 shares during the period. Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of Dominion Energy by 0.7% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 18,826 shares of the utilities provider’s stock valued at $1,486,000 after purchasing an additional 132 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Dominion Energy by 0.6% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 22,809 shares of the utilities provider’s stock valued at $1,852,000 after purchasing an additional 133 shares during the period. Wambolt & Associates LLC boosted its stake in shares of Dominion Energy by 2.2% during the second quarter. Wambolt & Associates LLC now owns 6,357 shares of the utilities provider’s stock valued at $516,000 after purchasing an additional 135 shares during the period. Finally, Davis R M Inc. boosted its stake in shares of Dominion Energy by 3.4% during the second quarter. Davis R M Inc. now owns 4,252 shares of the utilities provider’s stock valued at $345,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 66.53% of the company’s stock.

In other news, Chairman Thomas F. Farrell II sold 50,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $80.28, for a total transaction of $4,014,000.00. Following the transaction, the chairman now owns 1,038,262 shares in the company, valued at $83,351,673.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Shares of Dominion Energy stock opened at $79.80 on Thursday. The company has a market capitalization of $67.04 billion, a PE ratio of 107.84, a P/E/G ratio of 6.46 and a beta of 0.36. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.46 and a current ratio of 0.64. The company has a 50-day simple moving average of $79.89 and a two-hundred day simple moving average of $79.91. Dominion Energy, Inc. has a one year low of $57.79 and a one year high of $90.89.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.99 billion. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts predict that Dominion Energy, Inc. will post 3.64 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Argus lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. UBS Group reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Dominion Energy in a research note on Monday, July 6th. Credit Suisse Group lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Tuesday, July 7th. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating and upped their price objective for the stock from $78.00 to $80.00 in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $82.00 to $84.00 in a research note on Tuesday, September 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $81.94.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.

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

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