Sandy Spring Bank Trims Holdings in Dominion Energy, Inc. (NYSE:D)

Sandy Spring Bank lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,900 shares of the utilities provider’s stock after selling 3,328 shares during the quarter. Sandy Spring Bank’s holdings in Dominion Energy were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in D. Sei Investments Co. raised its position in Dominion Energy by 7.7% in the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock valued at $14,325,000 after purchasing an additional 12,002 shares during the period. Prudential PLC acquired a new stake in shares of Dominion Energy in the first quarter valued at $1,528,000. Sequoia Financial Advisors LLC grew its stake in shares of Dominion Energy by 30.0% in the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock valued at $611,000 after buying an additional 1,661 shares in the last quarter. Covestor Ltd grew its stake in shares of Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at $419,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.5 %

NYSE:D opened at $49.02 on Friday. The business’s 50-day moving average is $47.17 and its two-hundred day moving average is $45.92. 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 firm has a market capitalization of $41.06 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.69.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm’s revenue 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. Research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.45%. Dominion Energy’s payout ratio is currently 114.59%.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price 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 in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price 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 in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research note on Monday, March 11th. Wells Fargo & Company boosted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. StockNews.com cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Guggenheim lowered their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Scotiabank lowered their target price on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $49.90.

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.