Dominion Energy, Inc. (NYSE:D) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,045 shares of the utilities provider’s stock after selling 3,390 shares during the period. Greenleaf Trust’s holdings in Dominion Energy were worth $613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Wellington Management Group LLP raised its position in shares of Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after buying an additional 14,105,237 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Magellan Asset Management Ltd increased its position in Dominion Energy by 53.1% during the third quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock worth $199,800,000 after purchasing an additional 1,551,611 shares during the last quarter. Federated Hermes Inc. increased its position in Dominion Energy by 12.0% during the third quarter. Federated Hermes Inc. now owns 7,536,507 shares of the utilities provider’s stock worth $336,656,000 after purchasing an additional 805,570 shares during the last quarter. Finally, Morgan Stanley increased its position in Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $50.63 on Tuesday. The company has a market capitalization of $42.41 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. The firm has a fifty day simple moving average of $47.71 and a 200-day simple moving average of $46.18. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.90.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion during 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 quarter last year, the company posted $1.06 earnings per share. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.27%. Dominion Energy’s dividend payout ratio is presently 114.59%.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, 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. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on D shares. Barclays dropped their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Mizuho decreased their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Finally, StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.00.

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.