Concord Wealth Partners Has $239,000 Position in Dominion Energy, Inc. (NYSE:D)

Concord Wealth Partners cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,088 shares of the utilities provider’s stock after selling 629 shares during the quarter. Concord Wealth Partners’ holdings in Dominion Energy were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in D. Savant Capital LLC increased its holdings in Dominion Energy by 9.7% in the 4th quarter. Savant Capital LLC now owns 9,832 shares of the utilities provider’s stock valued at $462,000 after buying an additional 868 shares during the period. Brighton Jones LLC increased its stake in Dominion Energy by 9.8% in the fourth quarter. Brighton Jones LLC now owns 7,022 shares of the utilities provider’s stock valued at $330,000 after acquiring an additional 625 shares during the period. Intrust Bank NA raised its position in Dominion Energy by 46.0% in the fourth quarter. Intrust Bank NA now owns 11,073 shares of the utilities provider’s stock worth $520,000 after purchasing an additional 3,488 shares in the last quarter. Choreo LLC bought a new position in Dominion Energy during the fourth quarter worth about $232,000. Finally, Capital Investment Counsel Inc boosted its holdings in Dominion Energy by 9.7% during the fourth quarter. Capital Investment Counsel Inc now owns 21,857 shares of the utilities provider’s stock valued at $1,027,000 after purchasing an additional 1,924 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of a number of recent research reports. 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. Bank of America lifted their price objective on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. BMO Capital Markets downgraded shares of 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. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Barclays reduced their price target 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 analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.10.

Insiders Place Their Bets

In related news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy 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 completion of the purchase, 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. Insiders own 0.14% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $51.15 on Thursday. 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 50 day simple moving average of $48.48 and a 200 day simple moving average of $46.58. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.27. The firm has a market cap of $42.84 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.41 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. Dominion Energy’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

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.