Swiss National Bank Sells 72,200 Shares of Dominion Energy, Inc. (NYSE:D)

Swiss National Bank lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,616,620 shares of the utilities provider’s stock after selling 72,200 shares during the period. Swiss National Bank owned 0.31% of Dominion Energy worth $122,981,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates increased its stake in shares of Dominion Energy by 2.8% during the third quarter. Raymond James & Associates now owns 1,780,677 shares of the utilities provider’s stock worth $79,543,000 after purchasing an additional 48,079 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of Dominion Energy by 14.1% during the third quarter. Stratos Wealth Advisors LLC now owns 9,521 shares of the utilities provider’s stock worth $425,000 after buying an additional 1,173 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Dominion Energy by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 403,500 shares of the utilities provider’s stock valued at $18,024,000 after acquiring an additional 5,500 shares during the period. Godsey & Gibb Inc. grew its stake in shares of Dominion Energy by 12.2% in the third quarter. Godsey & Gibb Inc. now owns 294,491 shares of the utilities provider’s stock valued at $13,155,000 after acquiring an additional 32,000 shares in the last quarter. Finally, Beacon Financial Advisory LLC increased its position in Dominion Energy by 2.9% during the third quarter. Beacon Financial Advisory LLC now owns 11,419 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $51.40 on Friday. The firm’s fifty day moving average price is $48.60 and its two-hundred day moving average price is $46.62. The stock has a market cap of $43.05 billion, a PE ratio of 22.06, a PEG ratio of 3.42 and a beta of 0.59. 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, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.27.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. Dominion Energy’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. On average, equities analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Insider Transactions at Dominion Energy

In other Dominion Energy 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, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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, with a total value 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Mizuho increased their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research note on Monday, March 11th. Barclays cut their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.45.

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.