Tranquility Partners LLC Has $288,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Tranquility Partners LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,135 shares of the utilities provider’s stock after selling 4,668 shares during the quarter. Tranquility Partners LLC’s holdings in Dominion Energy were worth $288,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares during the period. Pacific Center for Financial Services bought a new stake in Dominion Energy in the 1st quarter valued at $28,000. Live Oak Investment Partners acquired a new position in shares of Dominion Energy in the 4th quarter valued at $34,000. Quilter Plc acquired a new position in shares of Dominion Energy in the 1st quarter valued at $595,800,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby purchased 2,130 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the company’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 transaction, the director now 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 owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on D shares. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a research note on Monday, March 11th. Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Guggenheim reduced their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Scotiabank reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.10.

Dominion Energy Stock Up 0.4 %

Shares of D traded up $0.19 during trading hours on Thursday, reaching $48.51. The stock had a trading volume of 197,488 shares, compared to its average volume of 5,390,926. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.90. The firm has a 50-day simple moving average of $47.41 and a 200 day simple moving average of $45.99. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $40.63 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.84 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its 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). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. Dominion Energy’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. Equities research analysts predict that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.50%. Dominion Energy’s payout ratio is 114.59%.

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.