Carret Asset Management LLC Sells 5,917 Shares of Dominion Energy, Inc. (NYSE:D)

Carret Asset Management LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,455 shares of the utilities provider’s stock after selling 5,917 shares during the quarter. Carret Asset Management LLC’s holdings in Dominion Energy were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Providence Capital Advisors LLC boosted its position in Dominion Energy by 0.6% during the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after purchasing an additional 228 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of Dominion Energy by 3.9% in the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 250 shares in the last quarter. Tyler Stone Wealth Management lifted its position in shares of Dominion Energy by 6.3% in the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock valued at $189,000 after acquiring an additional 250 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Dominion Energy by 11.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 259 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC lifted its position in shares of Dominion Energy by 2.7% in the third quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock valued at $442,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock traded up $0.58 during mid-day trading on Wednesday, hitting $51.25. 3,538,308 shares of the stock were exchanged, compared to its average volume of 5,361,890. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.90. The stock’s fifty day simple moving average is $47.84 and its two-hundred day simple moving average is $46.25. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.99 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business earned $1.06 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts forecast that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

Insider Activity

In related news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction on Monday, March 4th. The stock was purchased 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 owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on D. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. 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 report on Tuesday. 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 $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Barclays reduced their price objective 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.10.

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.