Carson Advisory Inc. Cuts Position in Dominion Energy, Inc. (NYSE:D)

Carson Advisory Inc. reduced its position in Dominion Energy, Inc. (NYSE:D) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,488 shares of the utilities provider’s stock after selling 4,117 shares during the period. Dominion Energy makes up 2.1% of Carson Advisory Inc.’s investment portfolio, making the stock its 8th largest holding. Carson Advisory Inc.’s holdings in Dominion Energy were worth $2,749,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP raised its position 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 valued at $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Northern Trust Corp raised its position in Dominion Energy by 2.7% in the 3rd quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after buying an additional 220,238 shares during the last quarter. Federated Hermes Inc. raised its position in Dominion Energy by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after buying an additional 75,600 shares during the last quarter. Finally, Morgan Stanley raised its position in Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after buying an additional 803,341 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on D. Scotiabank lowered their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company raised their target price on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Mizuho decreased their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research report on Monday, March 11th. Finally, Barclays decreased their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.10.

Dominion Energy Trading Up 0.0 %

Dominion Energy stock traded up $0.01 during trading hours on Thursday, reaching $51.16. The company had a trading volume of 4,650,000 shares, compared to its average volume of 5,301,605. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The company has a 50-day moving average price of $48.48 and a 200 day moving average price of $46.58. The firm has a market cap of $42.85 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 3.41 and a beta of 0.59. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.27.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were bought 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 $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of 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. 0.14% of the stock is owned by insiders.

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.