4,440 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,440 shares of the utilities provider’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new position in Dominion Energy during the first quarter worth $28,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy during the fourth quarter worth $30,000. FSC Wealth Advisors LLC boosted its position in Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 410 shares in the last quarter. Venturi Wealth Management LLC boosted its position 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 purchasing an additional 310 shares in the last quarter. Finally, Covestor Ltd boosted its position in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of a number of research analyst reports. Barclays decreased their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Scotiabank reduced their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Finally, Mizuho reduced their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $50.10.

Insider Activity

In other news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price 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 in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated 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 purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.

Dominion Energy Stock Performance

D traded up $0.25 during trading hours on Thursday, hitting $48.57. The company’s stock had a trading volume of 2,821,938 shares, compared to its average volume of 5,418,091. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.90. 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 50-day simple moving average of $47.41 and a 200 day simple moving average of $45.99. The firm has a market capitalization of $40.68 billion, a PE ratio of 20.79, a PEG ratio of 1.84 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued 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 net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.50%. Dominion Energy’s dividend payout ratio is 114.59%.

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.