Schnieders Capital Management LLC Decreases Stock Position in Dominion Energy, Inc. (NYSE:D)

Schnieders Capital Management LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,183 shares of the utilities provider’s stock after selling 600 shares during the quarter. Schnieders Capital Management LLC’s holdings in Dominion Energy were worth $1,184,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. South Dakota Investment Council increased its position in shares of Dominion Energy by 4.3% during the fourth quarter. South Dakota Investment Council now owns 31,724 shares of the utilities provider’s stock worth $1,491,000 after acquiring an additional 1,300 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Dominion Energy during the 4th quarter valued at approximately $306,000. Parkside Financial Bank & Trust boosted its stake in shares of Dominion Energy by 11.8% during the 4th 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. Monument Group Wealth Advisors LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth $205,000. Finally, Lee Danner & Bass Inc. raised its holdings in Dominion Energy by 16.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 25,462 shares of the utilities provider’s stock valued at $1,197,000 after acquiring an additional 3,585 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the subject of several recent analyst reports. Guggenheim decreased their price objective on shares of 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 upped their price objective on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday. Scotiabank decreased their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday. Barclays dropped their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, Mizuho decreased their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.10.

Dominion Energy Stock Performance

Shares of D traded up $0.04 during midday trading on Tuesday, hitting $50.67. 4,635,902 shares of the stock traded hands, compared to its average volume of 5,385,292. The business’s 50 day moving average price is $47.84 and its two-hundred day moving average price is $46.25. The firm has a market capitalization of $42.44 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. 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, Inc. has a 1-year low of $39.18 and a 1-year high of $57.90.

Dominion Energy (NYSE:D) last posted its earnings results 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 firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts predict that Dominion Energy, Inc. will post 2.86 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Insider Transactions at Dominion Energy

In related news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly 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 0.12% 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.