Dominion Energy, Inc. (NYSE:D) Shares Sold by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,090 shares of the utilities provider’s stock after selling 1,854 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Dominion Energy were worth $568,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP grew its holdings in Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dominion Energy by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock worth $823,620,000 after buying an additional 303,891 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after buying an additional 9,854,975 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Dominion Energy by 2.7% in the 1st quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider’s stock worth $754,843,000 after buying an additional 234,077 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Down 2.2 %

NYSE D opened at $46.85 on Wednesday. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.69. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $39.24 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. The firm’s fifty day simple moving average is $47.34 and its 200-day simple moving average is $45.97.

Dominion Energy (NYSE:D) last posted its quarterly 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). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the company posted $1.06 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Scotiabank decreased their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Guggenheim decreased their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research note on Monday, March 11th. Mizuho decreased their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Finally, StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $50.10.

Insiders Place Their Bets

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the company’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 completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the company’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 completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.12% 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.