Fulton Breakefield Broenniman LLC Lowers Stake in Dominion Energy, Inc. (NYSE:D)

Fulton Breakefield Broenniman LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,227 shares of the utilities provider’s stock after selling 637 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Dominion Energy were worth $246,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. lifted its stake in Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after acquiring an additional 199,629 shares during the period. Assenagon Asset Management S.A. lifted its stake in Dominion Energy by 196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after acquiring an additional 259,978 shares during the period. Morgan Stanley lifted its stake in Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after acquiring an additional 803,341 shares during the period. International Assets Investment Management LLC lifted its stake in Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after acquiring an additional 157,175 shares during the period. Finally, Diversified Trust Co lifted its stake in Dominion Energy by 97.3% in the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 7,071 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

D stock traded down $0.52 during midday trading 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’s fifty day simple moving average is $48.17 and its 200 day simple moving average is $46.37. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The company has a market cap of $42.26 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 3.43 and a beta of 0.61. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $57.90.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on D. Scotiabank lowered their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Guggenheim reduced their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company 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. Mizuho reduced their target price on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, Bank of America boosted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.10.

Insider Buying and Selling at Dominion Energy

In other news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were 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 directly 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 currently owned by company insiders.

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.