Beverly Hills Private Wealth LLC Sells 16,603 Shares of Dominion Energy, Inc. (NYSE:D)

Beverly Hills Private Wealth LLC lowered its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,757 shares of the utilities provider's stock after selling 16,603 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Dominion Energy were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Wellington Management Group LLP increased its stake in Dominion Energy by 631.2% during the 3rd 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 in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider's stock valued at $604,953,000 after purchasing an additional 9,854,975 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Dominion Energy by 50.4% during the first quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider's stock valued at $1,005,266,000 after purchasing an additional 6,028,220 shares in the last quarter. Norges Bank purchased a new position in Dominion Energy during the fourth quarter valued at approximately $332,276,000. Finally, Magellan Asset Management Ltd raised its position in shares of 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 valued at $199,800,000 after buying an additional 1,551,611 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

D has been the topic of a number of analyst reports. Mizuho cut their price objective 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. 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 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 target price for the company. in a report on Monday, March 11th. Barclays cut 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. Finally, Guggenheim reduced their price target on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.10.

Dominion Energy Stock Down 2.0 %

D traded down $0.99 on Monday, reaching $47.92. The company's stock had a trading volume of 4,413,577 shares, compared to its average volume of 5,522,658. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The stock has a 50 day moving average of $47.30 and a two-hundred day moving average of $45.96. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.92 and a beta of 0.61.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. Dominion Energy's quarterly revenue was down 7.2% compared to the same quarter last year. As a group, analysts forecast that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy's dividend payout ratio (DPR) is presently 114.59%.

Insider Transactions at Dominion Energy

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

About Dominion Energy

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.