Bryn Mawr Capital Management LLC Sells 57,642 Shares of Dominion Energy, Inc. (NYSE:D)

Bryn Mawr Capital Management LLC cut its holdings in Dominion Energy, Inc. (NYSE:D) by 49.8% during the 4th quarter, Holdings Channel reports. The fund owned 58,200 shares of the utilities provider’s stock after selling 57,642 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Dominion Energy were worth $2,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new position in Dominion Energy in the fourth quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth $30,000. FSC Wealth Advisors LLC increased 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 purchasing an additional 410 shares in the last quarter. Venturi Wealth Management LLC increased 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 purchasing an additional 310 shares in the last quarter. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Dominion Energy in the third quarter worth $36,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 1.0 %

Shares of Dominion Energy stock traded down $0.52 during trading on Friday, hitting $50.45. The stock had a trading volume of 3,477,075 shares, compared to its average volume of 5,328,216. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.90. The firm’s fifty day simple moving average is $48.17 and its 200-day simple moving average is $46.37. The stock has a market cap of $42.26 billion, a PE ratio of 21.65, a PEG ratio of 3.45 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the business earned $1.06 EPS. The company’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 2.73 EPS for the current fiscal year.

Insider Activity at Dominion Energy

In related news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank reduced their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday. Mizuho cut their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Barclays cut their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research note on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.