Jackson Hole Capital Partners LLC Sells 5,744 Shares of Dominion Energy, Inc. (NYSE:D)

Jackson Hole Capital Partners LLC reduced its position in Dominion Energy, Inc. (NYSE:D) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,367 shares of the utilities provider’s stock after selling 5,744 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Dominion Energy were worth $1,521,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of D. Providence Capital Advisors LLC boosted its stake in Dominion Energy by 0.6% during the third quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after acquiring an additional 228 shares in the last quarter. Valmark Advisers Inc. raised its holdings in Dominion Energy by 3.9% during the third quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock worth $298,000 after buying an additional 250 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in Dominion Energy by 6.3% during the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock worth $189,000 after buying an additional 250 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Dominion Energy by 11.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after buying an additional 259 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC raised its holdings in Dominion Energy by 2.7% during the third quarter. Commonwealth Retirement Investments LLC now owns 9,893 shares of the utilities provider’s stock worth $442,000 after buying an additional 260 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

D traded down $0.26 during trading on Thursday, hitting $50.97. 4,517,550 shares of the company traded hands, compared to its average volume of 5,351,358. The firm has a market cap of $42.69 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. The stock’s fifty day moving average is $48.08 and its 200 day moving average is $46.31. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.90.

Dominion Energy (NYSE:D) last posted its quarterly 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 company had revenue of $3.53 billion for 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%. Dominion Energy’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.84 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. 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 5.24%. Dominion Energy’s dividend payout ratio is presently 114.59%.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction on 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 completion of 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 accessible through this link. In other news, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $45.91 per share, with a total value 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. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the topic of several research reports. Guggenheim lowered their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a report on Monday, March 11th. Barclays lowered their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, Bank of America increased their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.10.

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.