Dominion Energy (NYSE:D) Trading Down 0.7%

Dominion Energy, Inc. (NYSE:D) shares traded down 0.7% on Thursday . The company traded as low as $50.35 and last traded at $50.88. 716,512 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 5,303,263 shares. The stock had previously closed at $51.23.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho lowered their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Bank of America upped their target price on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday. Scotiabank reduced their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a research note on Monday, March 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy Trading Down 1.0 %

The company has a market cap of $42.26 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 3.43 and a beta of 0.61. The business has a 50 day simple moving average of $48.17 and a two-hundred day simple moving average of $46.37. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the company earned $1.06 EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts forecast that Dominion Energy, Inc. will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost 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 approximately $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost 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 approximately $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 price of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of Dominion Energy

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after acquiring an additional 10,370,768 shares in the last quarter. Northern Trust Corp grew its stake in shares of Dominion Energy by 2.7% during the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after acquiring an additional 220,238 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after acquiring an additional 75,600 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.