Donaldson Capital Management LLC Sells 1,526 Shares of Dominion Energy, Inc. (NYSE:D)

Donaldson Capital Management LLC cut its holdings in Dominion Energy, Inc. (NYSE:D) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,048 shares of the utilities provider’s stock after selling 1,526 shares during the period. Donaldson Capital Management LLC’s holdings in Dominion Energy were worth $613,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the period. Pacific Center for Financial Services purchased a new position in shares of Dominion Energy during the 1st quarter worth about $28,000. Live Oak Investment Partners purchased a new position in shares of Dominion Energy during the 4th quarter worth about $34,000. Quilter Plc purchased a new position in shares of Dominion Energy during the 1st quarter worth about $595,800,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy in the 4th quarter valued at about $30,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 1.7 %

Shares of NYSE:D traded down $0.83 during trading hours on Tuesday, hitting $47.09. The company’s stock had a trading volume of 342,258 shares, compared to its average volume of 5,450,108. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market capitalization of $39.44 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.92 and a beta of 0.61. The firm’s fifty day moving average price is $47.30 and its 200 day moving average price is $45.96.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm 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%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. As a group, research analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.67%. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Insider Buying and Selling

In other news, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy 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 purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The shares were bought at an average price 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. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on D. Mizuho lowered their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Guggenheim lowered their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.10.

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.