Dominion Energy, Inc. (NYSE:D) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,633 shares of the utilities provider’s stock after selling 6,858 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Dominion Energy worth $28,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 14,105,237 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after buying an additional 1,928,823 shares in the last quarter. Magellan Asset Management Ltd grew its stake in Dominion Energy by 53.1% in the 3rd quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock valued at $199,800,000 after acquiring an additional 1,551,611 shares during the last quarter. Federated Hermes Inc. increased its holdings in Dominion Energy by 12.0% during the 3rd quarter. Federated Hermes Inc. now owns 7,536,507 shares of the utilities provider’s stock valued at $336,656,000 after acquiring an additional 805,570 shares in the last quarter. Finally, Morgan Stanley raised 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 acquiring an additional 803,341 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $52.12 on Wednesday. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.27. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a 50 day moving average price of $48.85 and a 200 day moving average price of $46.92. The company has a market cap of $43.66 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the company earned $0.99 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Insider Transactions at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy 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 transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now directly 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 SEC, which is available through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on D shares. Barclays dropped 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, April 15th. Guggenheim cut their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Scotiabank reduced their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets upped their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.73.

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.