Brown Miller Wealth Management LLC Has $236,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Brown Miller Wealth Management LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,016 shares of the utilities provider’s stock after selling 895 shares during the period. Brown Miller Wealth Management LLC’s holdings in Dominion Energy were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. State Street Corp grew its holdings in shares of Dominion Energy by 0.9% during the second quarter. State Street Corp now owns 48,339,919 shares of the utilities provider’s stock valued at $2,503,524,000 after buying an additional 432,966 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dominion Energy by 2.1% in the first quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock worth $823,620,000 after acquiring an additional 303,891 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its stake in Dominion Energy by 93,554.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after acquiring an additional 9,854,975 shares during the period. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note 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 objective for the company. in a research note on Monday, March 11th. Guggenheim cut their price objective 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 dropped their price target 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.90.

Insider Transactions at Dominion Energy

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

Dominion Energy Trading Up 1.4 %

NYSE D traded up $0.67 on Thursday, reaching $49.19. 5,401,135 shares of the company were exchanged, compared to its average volume of 5,745,146. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The business’s fifty day moving average price is $46.39 and its 200 day moving average price is $45.83. The stock has a market capitalization of $41.20 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 1.91 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last issued 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). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the company earned $1.06 EPS. Dominion Energy’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

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 dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.43%. Dominion Energy’s dividend payout ratio is currently 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.