Clearbridge Investments LLC Purchases New Position in Dominion Energy, Inc. (NYSE:D)

Clearbridge Investments LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,616 shares of the utilities provider’s stock, valued at approximately $217,000.

A number of other large investors have also recently modified their holdings of D. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy during the fourth quarter worth $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy during the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its holdings in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the period. Janiczek Wealth Management LLC lifted its holdings in Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after buying an additional 804 shares during the period. Finally, Operose Advisors LLC increased its position in shares of Dominion Energy by 60.3% during the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on D shares. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Barclays reduced their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Evercore ISI upped their price target on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” 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 stock a “market perform” rating in a research report on Monday, May 6th. Finally, Wells Fargo & Company upped their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $51.73.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, with a total value of $997,853.85. Following the purchase, 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 document filed with the SEC, which is accessible through this link. In other news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost 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 approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated 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 purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is owned by corporate insiders.

Dominion Energy Price Performance

NYSE:D opened at $52.79 on Monday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a market cap of $44.22 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.41 and a beta of 0.59. The firm’s fifty day moving average is $50.36 and its two-hundred day moving average is $47.95.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. Research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s payout ratio is 137.63%.

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.