Dominion Energy, Inc. (NYSE:D) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its stake in Dominion Energy, Inc. (NYSE:D) by 7.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,723 shares of the utilities provider’s stock after selling 692 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Dominion Energy were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the 4th quarter worth approximately $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $53.07 on Friday. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The stock’s fifty day moving average is $54.65 and its two-hundred day moving average is $55.71. The company has a market capitalization of $45.22 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.03%. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Upgrades and Downgrades

D has been the subject of several recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $57.00.

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.