Bryn Mawr Capital Management LLC Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Bryn Mawr Capital Management LLC decreased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 49.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,200 shares of the utilities provider's stock after selling 57,642 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Dominion Energy were worth $2,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in D. Providence Capital Advisors LLC grew its position in Dominion Energy by 0.6% in the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider's stock valued at $1,643,000 after acquiring an additional 228 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Dominion Energy by 3.9% during the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider's stock worth $298,000 after purchasing an additional 250 shares during the last quarter. Tyler Stone Wealth Management lifted its stake in Dominion Energy by 6.3% in the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider's stock valued at $189,000 after buying an additional 250 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Dominion Energy by 11.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider's stock valued at $115,000 after buying an additional 259 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC increased its holdings in shares of Dominion Energy by 2.7% during the third quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider's stock valued at $442,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays lowered their price target on Dominion Energy from $50.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Wells Fargo & Company lifted their price target on Dominion Energy from $49.00 to $51.00 and gave the company an "equal weight" rating in a report on Thursday, March 7th. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a "buy" rating for the company in a report on Monday, March 4th. Bank of America lifted their price target on Dominion Energy from $40.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday. Finally, Mizuho dropped their price target on Dominion Energy from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.10.

Dominion Energy Stock Down 1.0 %

Shares of NYSE:D traded down $0.52 during mid-day trading on Friday, reaching $50.45. 3,477,075 shares of the stock were exchanged, compared to its average volume of 5,328,216. The stock's 50 day simple moving average is $48.17 and its 200-day simple moving average is $46.37. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.90. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The company has a market cap of $42.26 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.45 and a beta of 0.61.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) 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 analyst estimates of $4.21 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The business's quarterly revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.73 EPS for the current year.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Robert M. Blue bought 21,735 shares of the 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 completion of the purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares of the company's stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 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.

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