Dominion Energy, Inc. (NYSE:D) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 58.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,365 shares of the utilities provider’s stock after buying an additional 17,565 shares during the quarter. SG Americas Securities LLC’s holdings in Dominion Energy were worth $2,226,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of D. Sterling Investment Counsel LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $239,000. First Bank & Trust lifted its holdings in Dominion Energy by 4.1% in the fourth quarter. First Bank & Trust now owns 39,827 shares of the utilities provider’s stock valued at $1,872,000 after acquiring an additional 1,570 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Dominion Energy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 277,381 shares of the utilities provider’s stock worth $13,037,000 after purchasing an additional 774 shares in the last quarter. Jeppson Wealth Management LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $269,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity

In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’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 acquisition, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE D opened at $48.52 on Thursday. The company has a 50-day simple moving average of $46.34 and a 200-day simple moving average of $45.81. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market cap of $40.64 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.69.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Mizuho decreased their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Wells Fargo & Company raised their price objective on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a report on Monday, March 11th. Finally, JPMorgan Chase & Co. raised their price target on Dominion Energy from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $49.90.

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.