Carnegie Capital Asset Management LLC Has $568,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Carnegie Capital Asset Management LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,090 shares of the utilities provider’s stock after selling 1,854 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Dominion Energy were worth $568,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of D. Nations Financial Group Inc. IA ADV increased its stake in shares of Dominion Energy by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 128 shares in the last quarter. Golden State Equity Partners increased its stake in shares of Dominion Energy by 1.7% in the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after acquiring an additional 129 shares in the last quarter. Covestor Ltd increased its stake in shares of Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Dominion Energy by 0.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after acquiring an additional 132 shares in the last quarter. Finally, Ergoteles LLC increased its stake in shares of Dominion Energy by 3.2% in the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity

In other news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now 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 Trading Down 2.2 %

Dominion Energy stock opened at $46.85 on Wednesday. The stock has a market cap of $39.24 billion, a P/E ratio of 20.11, a PEG ratio of 1.88 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.69. The firm’s 50 day moving average price is $47.34 and its 200-day moving average price is $45.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. Dominion Energy’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS. On average, equities analysts predict that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.70%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of analyst reports. Guggenheim reduced their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Scotiabank reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $50.10.

Dominion Energy Company 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.