Sapient Capital LLC Purchases New Shares in Dominion Energy, Inc. (NYSE:D)

Sapient Capital LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,377 shares of the utilities provider’s stock, valued at approximately $206,000.

Several other institutional investors have also added to or reduced their stakes in D. Criterion Capital Advisors LLC bought a new stake in Dominion Energy during the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its position in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares during the last quarter. Finally, Briaud Financial Planning Inc bought a new stake in shares of Dominion Energy in the 3rd quarter worth $36,000. 73.04% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated 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 directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph M. Rigby bought 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, with a total value of $99,982.20. Following the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Dominion Energy Stock Up 1.4 %

Shares of D opened at $52.12 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $48.85 and a 200 day moving average of $46.92. The company has a market cap of $43.66 billion, a PE ratio of 26.87, a P/E/G ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $57.27.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on D shares. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Scotiabank decreased their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company upped their price target 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, May 3rd. BMO Capital Markets increased their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Bank of America lifted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.73.

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.