Dominion Energy, Inc. (NYSE:D) Position Lowered by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,828 shares of the utilities provider’s stock after selling 1,135 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Dominion Energy were worth $603,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Diamond Hill Capital Management Inc. increased its stake in shares of 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 valued at $178,176,000 after purchasing an additional 199,629 shares during the period. CWM LLC boosted its stake in Dominion Energy by 18.7% in the 3rd quarter. CWM LLC now owns 553,557 shares of the utilities provider’s stock worth $24,727,000 after purchasing an additional 87,280 shares during the period. Morgan Stanley boosted its stake in shares of Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after buying an additional 803,341 shares during the period. Diversified Trust Co boosted its stake in shares of Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after buying an additional 7,071 shares during the period. Finally, Mariner LLC raised its holdings in shares of Dominion Energy by 53.6% during the 3rd quarter. Mariner LLC now owns 174,329 shares of the utilities provider’s stock valued at $7,787,000 after purchasing an additional 60,835 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Guggenheim reduced their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Scotiabank reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.90.

Insider Activity

In related news, 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 acquired 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Joseph M. Rigby bought 2,130 shares of the company’s 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 of the company’s stock, valued at approximately $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 bought 21,735 shares of the company’s 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 completion of the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Dominion Energy Stock Up 1.2 %

Shares of NYSE D traded up $0.56 during midday trading on Thursday, hitting $49.08. 739,432 shares of the stock traded hands, compared to its average volume of 5,666,671. The company has a market cap of $41.11 billion, a PE ratio of 20.91, a P/E/G ratio of 1.91 and a beta of 0.61. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.69. The business has a 50 day moving average price of $46.34 and a two-hundred day moving average price of $45.81. 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 (NYSE:D) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company posted $1.06 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.44%. Dominion Energy’s dividend payout ratio is currently 114.59%.

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.