Headlands Technologies LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Headlands Technologies LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, Holdings Channel reports. The fund purchased 1,533 shares of the utilities provider’s stock, valued at approximately $72,000.

A number of other hedge funds have also recently made changes to their positions in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy in the fourth quarter worth approximately $30,000. FSC Wealth Advisors LLC lifted its stake in shares of Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares during the period. Finally, Briaud Financial Planning Inc acquired a new position in shares of Dominion Energy in the third quarter worth approximately $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.3 %

NYSE D opened at $50.98 on Wednesday. The company has a market cap of $42.70 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 3.42 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.65. The business has a 50 day moving average price of $48.39 and a 200-day moving average price of $46.55. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, 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 available through the SEC website. In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, 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 available through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on D shares. Bank of America lifted their price objective on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Mizuho cut their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Scotiabank cut their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Wells Fargo & Company lifted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.10.

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.