Liberty One Investment Management LLC Sells 778 Shares of Dominion Energy, Inc. (NYSE:D)

Liberty One Investment Management LLC cut its holdings in Dominion Energy, Inc. (NYSE:D) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,898 shares of the utilities provider’s stock after selling 778 shares during the quarter. Liberty One Investment Management LLC’s holdings in Dominion Energy were worth $606,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Harbour Trust & Investment Management Co bought a new position in Dominion Energy in the 4th quarter valued at approximately $416,000. Sequoia Financial Advisors LLC lifted its stake in Dominion Energy by 81.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,936 shares of the utilities provider’s stock valued at $890,000 after purchasing an additional 8,484 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Dominion Energy in the 4th quarter valued at approximately $65,000. International Assets Investment Management LLC lifted its stake in Dominion Energy by 1,797.9% in the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after purchasing an additional 157,175 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in Dominion Energy by 30.0% in the 4th quarter. Bleakley Financial Group LLC now owns 22,214 shares of the utilities provider’s stock valued at $1,044,000 after purchasing an additional 5,129 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.5 %

Dominion Energy stock opened at $48.80 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The stock has a market cap of $40.87 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. The firm’s 50-day simple moving average is $47.13 and its 200 day simple moving average is $45.90. 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 (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 114.59%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average price 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Blue bought 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, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on D. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research report on Monday, March 11th. Guggenheim decreased their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. 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 report on Wednesday, March 6th. Finally, Scotiabank decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $49.90.

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.