International Assets Investment Management LLC Purchases 157,175 Shares of Dominion Energy, Inc. (NYSE:D)

International Assets Investment Management LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1,797.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,917 shares of the utilities provider's stock after acquiring an additional 157,175 shares during the period. International Assets Investment Management LLC's holdings in Dominion Energy were worth $7,798,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sei Investments Co. raised its holdings in Dominion Energy by 7.7% in the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider's stock valued at $14,325,000 after buying an additional 12,002 shares during the period. Prudential PLC acquired a new position in Dominion Energy during the first quarter valued at approximately $1,528,000. Sequoia Financial Advisors LLC lifted its position in Dominion Energy by 30.0% during the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider's stock valued at $611,000 after buying an additional 1,661 shares in the last quarter. Covestor Ltd lifted its position in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock valued at $34,000 after buying an additional 131 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Dominion Energy during the first quarter valued at approximately $419,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 21,735 shares of the business's stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the company's stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was acquired 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 disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on D shares. Mizuho reduced their target price on shares of Dominion Energy from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th. Scotiabank reduced their target price on shares of Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Monday, March 4th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. Guggenheim reduced their target price on shares of Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Finally, BMO Capital Markets cut shares of Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 target price on the stock. in a research report on Monday, March 11th. One equities research 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 MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and an average price target of $49.90.

Dominion Energy Stock Performance

Shares of D traded down $0.11 during midday trading on Friday, hitting $48.91. 5,523,843 shares of the stock traded hands, compared to its average volume of 5,166,221. The firm has a market capitalization of $40.97 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. The business's 50 day moving average price is $47.24 and its two-hundred day moving average price is $45.93. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data 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). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company earned $1.06 EPS. The business's revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts predict that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.46%. Dominion Energy's payout ratio is presently 114.59%.

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.