Schnieders Capital Management LLC Sells 600 Shares of Dominion Energy, Inc. (NYSE:D)

Schnieders Capital Management LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,183 shares of the utilities provider’s stock after selling 600 shares during the period. Schnieders Capital Management LLC’s holdings in Dominion Energy were worth $1,184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Criterion Capital Advisors LLC bought a new position in Dominion Energy in the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its stake in shares of Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the period. FSC Wealth Advisors LLC boosted its holdings in Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 410 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its position in Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 804 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Mizuho cut their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Guggenheim reduced their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. Finally, Scotiabank decreased their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.10.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were 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 in the company, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

Dominion Energy Stock Up 0.1 %

Shares of Dominion Energy stock traded up $0.04 on Tuesday, hitting $50.67. The company had a trading volume of 4,635,902 shares, compared to its average volume of 5,385,292. The stock has a 50-day moving average of $47.84 and a 200-day moving average of $46.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.90. The firm has a market capitalization of $42.44 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.96 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share. Research analysts predict that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

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.