Sigma Planning Corp Cuts Stake in Dominion Energy, Inc. (NYSE:D)

Sigma Planning Corp trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 72.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,930 shares of the utilities provider’s stock after selling 23,861 shares during the period. Sigma Planning Corp’s holdings in Dominion Energy were worth $420,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Criterion Capital Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $30,000. FSC Wealth Advisors LLC boosted its holdings in shares of Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 410 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the last quarter. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at about $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 1.0 %

Dominion Energy stock opened at $50.45 on Friday. The stock has a market cap of $42.26 billion, a P/E ratio of 21.65, a PEG ratio of 3.43 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 $57.90. The firm’s 50 day moving average price is $48.17 and its 200-day moving average price is $46.37.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho dropped 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. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a report on Monday, March 11th. Barclays dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $49.10.

Insider Activity at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, with a total value 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 $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

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.