Leavell Investment Management Inc. Sells 600 Shares of Dominion Energy, Inc. (NYSE:D)

Leavell Investment Management Inc. lowered its stake in Dominion Energy, Inc. (NYSE:D) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,578 shares of the utilities provider’s stock after selling 600 shares during the quarter. Leavell Investment Management Inc.’s holdings in Dominion Energy were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in D. Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in Dominion Energy in the first quarter worth $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy in the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its position in 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 buying an additional 310 shares during the last quarter. Finally, Albion Financial Group UT lifted its position in Dominion Energy by 300.0% in the first quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after buying an additional 600 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $0.91 on Thursday, reaching $52.59. The company’s stock had a trading volume of 3,436,021 shares, compared to its average volume of 5,062,901. The company has a market capitalization of $44.05 billion, a P/E ratio of 27.10, a PEG ratio of 1.44 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The stock has a 50-day moving average price of $50.16 and a 200-day moving average price of $47.84. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Insiders Place Their Bets

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now directly 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 accessible through the SEC website. In other news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased 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 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.

Analyst Ratings Changes

A number of analysts have weighed in on D shares. BMO Capital Markets increased their target price on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Guggenheim cut their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Wells Fargo & Company lifted their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.73.

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.