Dominion Energy, Inc. (NYSE:D) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 11.3% during the 4th quarter, Holdings Channel reports. The fund owned 36,372 shares of the utilities provider’s stock after purchasing an additional 3,679 shares during the quarter. Apollon Wealth Management LLC’s holdings in Dominion Energy were worth $1,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diamond Hill Capital Management Inc. boosted its position in shares of Dominion Energy by 5.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after purchasing an additional 199,629 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Dominion Energy by 196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after acquiring an additional 259,978 shares during the last quarter. Morgan Stanley grew its holdings 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 worth $316,395,000 after purchasing an additional 803,341 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after purchasing an additional 157,175 shares during the period. Finally, Diversified Trust Co boosted its holdings in Dominion Energy by 97.3% in the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 7,071 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction 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 $8,091,178.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on D. Mizuho upped their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday. Scotiabank dropped their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Guggenheim decreased their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Evercore ISI increased their price target on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.73.

Dominion Energy Stock Performance

D traded down $0.32 on Wednesday, hitting $51.80. 746,323 shares of the stock traded hands, compared to its average volume of 5,186,371. The business has a fifty day moving average price of $48.85 and a two-hundred day moving average price of $46.92. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.02. The firm has a market capitalization of $43.39 billion, a PE ratio of 26.87, a P/E/G ratio of 3.43 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings results 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 firm 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 11.57% and a return on equity of 7.50%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

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.