GAMMA Investing LLC Purchases Shares of 6,697 Dominion Energy, Inc. (NYSE:D)

GAMMA Investing LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,697 shares of the utilities provider’s stock, valued at approximately $306,000.

Several other hedge funds have also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at $30,000. FSC Wealth Advisors LLC raised its stake in shares of Dominion Energy by 149.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after buying an additional 410 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares in the last quarter. Finally, Briaud Financial Planning Inc acquired a new position in Dominion Energy during the third quarter worth about $36,000. Institutional investors own 73.04% of the company’s stock.

Insiders Place Their Bets

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 owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $51.25 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.90. The stock’s 50-day moving average is $47.97 and its two-hundred day moving average is $46.28. 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 firm has a market cap of $42.93 billion, a P/E ratio of 22.00, a PEG ratio of 2.00 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its quarterly earnings data 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 firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. Analysts predict that Dominion Energy, Inc. will post 2.84 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on D. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Bank of America boosted their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday. Wells Fargo & Company lifted 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. Mizuho decreased 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 note on Wednesday, March 6th. Finally, 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 research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.10.

Dominion Energy 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.