Yousif Capital Management LLC Decreases Stake in Dominion Energy, Inc. (NYSE:D)

Yousif Capital Management LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,138 shares of the utilities provider’s stock after selling 15,748 shares during the period. Yousif Capital Management LLC’s holdings in Dominion Energy were worth $5,458,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. South Dakota Investment Council increased its stake in shares of Dominion Energy by 4.3% during the 4th quarter. South Dakota Investment Council now owns 31,724 shares of the utilities provider’s stock worth $1,491,000 after purchasing an additional 1,300 shares during the last quarter. GAMMA Investing LLC bought a new position in Dominion Energy in the 4th quarter worth about $306,000. Parkside Financial Bank & Trust increased its stake in Dominion Energy by 11.8% in the 4th 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 last quarter. Monument Group Wealth Advisors LLC bought a new position in Dominion Energy in the 4th quarter worth about $205,000. Finally, Lee Danner & Bass Inc. increased its stake in Dominion Energy by 16.4% in the 4th quarter. Lee Danner & Bass Inc. now owns 25,462 shares of the utilities provider’s stock worth $1,197,000 after acquiring an additional 3,585 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, 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 this hyperlink. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

D has been the topic of several recent research reports. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Guggenheim reduced their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Wells Fargo & Company increased their price objective 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. Scotiabank reduced their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Barclays reduced their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.10.

Dominion Energy Stock Down 0.5 %

Shares of NYSE:D opened at $50.97 on Friday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $57.90. The firm has a market capitalization of $42.69 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.45 and a beta of 0.61. The stock has a 50 day moving average price of $48.08 and a 200-day moving average price of $46.31. 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 earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the company posted $1.06 EPS. The firm’s revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 2.73 EPS for the current fiscal year.

Dominion Energy Company 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.