Dominion Energy, Inc. (NYSE:D) Shares Sold by Imprint Wealth LLC

Imprint Wealth LLC trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,829 shares of the utilities provider’s stock after selling 330 shares during the period. Imprint Wealth LLC’s holdings in Dominion Energy were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV grew its stake in Dominion Energy by 1.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after purchasing an additional 128 shares in the last quarter. Golden State Equity Partners grew its stake in Dominion Energy by 1.7% in the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after purchasing an additional 129 shares in the last quarter. Covestor Ltd grew its stake in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Dominion Energy by 0.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after acquiring an additional 132 shares in the last quarter. Finally, Ergoteles LLC boosted its stake in shares of Dominion Energy by 3.2% during the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 146 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on D shares. Barclays decreased their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company increased their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Guggenheim dropped 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. Mizuho dropped their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, Scotiabank dropped their target price on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $50.10.

Dominion Energy Trading Down 1.7 %

D traded down $0.80 during trading on Tuesday, reaching $47.12. 1,071,719 shares of the stock traded hands, compared to its average volume of 5,460,904. 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 stock has a market capitalization of $39.47 billion, a PE ratio of 20.10, a P/E/G ratio of 1.92 and a beta of 0.61. The stock’s 50-day moving average is $47.30 and its 200 day moving average is $45.96. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.69.

Dominion Energy (NYSE:D) 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). The company 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%. Dominion Energy’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Equities analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.67%. Dominion Energy’s dividend payout ratio is presently 114.59%.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction that occurred on 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 acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% 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.