Eagle Ridge Investment Management Has $303,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Eagle Ridge Investment Management cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,453 shares of the utilities provider’s stock after selling 2,336 shares during the quarter. Eagle Ridge Investment Management’s holdings in Dominion Energy were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in D. JPMorgan Chase & Co. lifted its stake in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Wellington Management Group LLP lifted its stake in Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares during the period. Northern Trust Corp lifted its stake in Dominion Energy by 2.7% during the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock worth $380,919,000 after purchasing an additional 220,238 shares during the period. Federated Hermes Inc. lifted its stake in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after purchasing an additional 75,600 shares during the period. Finally, Morgan Stanley lifted its stake in Dominion Energy by 12.8% during the third 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. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Mizuho cut their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research note on Monday, March 11th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Guggenheim lowered their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, Bank of America raised their price target on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.10.

Dominion Energy Stock Up 1.2 %

NYSE D traded up $0.62 on Monday, reaching $51.07. The company had a trading volume of 1,348,925 shares, compared to its average volume of 5,278,967. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. 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 1-year low of $39.18 and a 1-year high of $57.65. The company’s fifty day moving average is $48.17 and its 200-day moving average is $46.42.

Dominion Energy (NYSE:D) last announced 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 analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. Dominion Energy’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the business’s 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 completion of the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

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.