Folger Nolan Fleming Douglas Capital Management Inc. Trims Stake in Dominion Energy, Inc. (NYSE:D)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,362 shares of the utilities provider’s stock after selling 2,796 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Dominion Energy were worth $2,132,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its position in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the period. FSC Wealth Advisors LLC boosted its position in shares of Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in shares of Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 804 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 1.0 %

Shares of Dominion Energy stock traded down $0.52 on Friday, reaching $50.45. The stock had a trading volume of 3,477,143 shares, compared to its average volume of 3,882,772. The company has a 50 day moving average price of $48.17 and a 200 day moving average price of $46.37. 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 1 year low of $39.18 and a 1 year high of $57.90. The stock has a market capitalization of $42.26 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.43 and a beta of 0.61.

Dominion Energy (NYSE:D) last released 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 company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.73 EPS for the current year.

Insiders Place Their Bets

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost 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 approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost 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 approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on D shares. Guggenheim dropped their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Scotiabank decreased their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets downgraded shares of 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. Two equities 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. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $49.10.

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.