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

Xponance Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,288 shares of the utilities provider's stock after selling 21,362 shares during the quarter. Xponance Inc.'s holdings in Dominion Energy were worth $6,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of D. Sei Investments Co. boosted its position in shares of Dominion Energy by 7.7% during the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider's stock valued at $14,325,000 after acquiring an additional 12,002 shares during the last quarter. Prudential PLC purchased a new stake in Dominion Energy in the 1st quarter valued at about $1,528,000. Sequoia Financial Advisors LLC raised its holdings in Dominion Energy by 30.0% in the 1st 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 during the period. Covestor Ltd raised its holdings in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock valued at $34,000 after buying an additional 131 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Dominion Energy in the 1st quarter valued at about $419,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D stock traded up $1.27 during trading hours on Friday, hitting $49.84. The stock had a trading volume of 4,112,500 shares, compared to its average volume of 4,242,504. The firm has a market capitalization of $41.75 billion, a PE ratio of 21.39, a PEG ratio of 1.91 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.90. The stock's 50 day moving average is $47.61 and its 200 day moving average is $46.09. 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 (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). The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates 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 was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share 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 5.36%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy's dividend payout ratio (DPR) is presently 114.59%.

Wall Street Analysts Forecast Growth

D has been the topic of several research analyst reports. Scotiabank reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Monday, March 4th. BMO Capital Markets lowered shares of Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. StockNews.com lowered shares of Dominion Energy from a "hold" rating to a "sell" rating in a research note on Friday, February 23rd. Guggenheim cut their price target on shares of Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. Finally, Mizuho cut their price target on shares of Dominion Energy from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $50.10.

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 purchased 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 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 document filed with the SEC, which is accessible through this link. Also, CEO Robert M. Blue purchased 21,735 shares of the company's stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares of the company's stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company's stock.

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.