Dominion Energy (NYSE:D) Shares Down 1.1%

Dominion Energy, Inc. (NYSE:D) traded down 1.1% on Friday . The stock traded as low as $50.39 and last traded at $50.42. 694,056 shares were traded during trading, a decline of 87% from the average session volume of 5,293,172 shares. The stock had previously closed at $50.97.

Wall Street Analyst Weigh In

D has been the subject of a number of research analyst reports. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Guggenheim lowered their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Bank of America lifted their price target on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday. Barclays lowered 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, April 15th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $49.10.

Dominion Energy Stock Performance

The company’s 50-day simple moving average is $48.08 and its 200 day simple moving average is $46.31. The stock has a market cap of $42.26 billion, a P/E ratio of 21.72, a PEG ratio of 3.45 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. During the same quarter last year, the business posted $1.06 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.73 EPS for the current fiscal year.

Insider Activity at Dominion Energy

In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was bought 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 owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost 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 in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. grew its position in Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after acquiring an additional 199,629 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Dominion Energy by 196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after buying an additional 259,978 shares in the last quarter. Morgan Stanley lifted its position in Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after buying an additional 803,341 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after buying an additional 157,175 shares in the last quarter. Finally, Diversified Trust Co grew its position in Dominion Energy by 97.3% during the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 7,071 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

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.