TCI Wealth Advisors Inc. Has $647,000 Position in Dominion Energy, Inc. (NYSE:D)

TCI Wealth Advisors Inc. lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 13,776 shares of the utilities provider’s stock after selling 642 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Dominion Energy were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of D. Providence Capital Advisors LLC lifted its holdings in shares of 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 during the period. Valmark Advisers Inc. grew its position in shares of Dominion Energy by 3.9% in the 3rd quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock valued at $298,000 after buying an additional 250 shares during the last quarter. Tyler Stone Wealth Management raised its position in shares of Dominion Energy by 6.3% during the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock worth $189,000 after acquiring an additional 250 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake 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 worth $115,000 after acquiring an additional 259 shares during the period. Finally, Commonwealth Retirement Investments LLC boosted its holdings in 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 during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost 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 $395,093.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Dominion Energy 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 bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now 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 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday. Scotiabank cut their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Guggenheim lowered their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, Bank of America increased their price target on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.45.

Dominion Energy Stock Up 0.5 %

Shares of Dominion Energy stock traded up $0.24 during trading hours on Friday, reaching $51.40. The company’s stock had a trading volume of 3,741,756 shares, compared to its average volume of 4,113,876. The company has a market capitalization of $43.05 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.43 and a beta of 0.59. The stock’s fifty day simple moving average is $48.67 and its two-hundred day simple moving average is $46.76. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.27. 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 (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.46%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

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.