abrdn plc Has $16.18 Million Position in Dominion Energy, Inc. (NYSE:D)

abrdn plc raised its position in Dominion Energy, Inc. (NYSE:D) by 72.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 344,173 shares of the utilities provider’s stock after acquiring an additional 144,761 shares during the quarter. abrdn plc’s holdings in Dominion Energy were worth $16,176,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC raised 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 valued at $32,000 after purchasing an additional 310 shares during the period. FSC Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 410 shares during the period. Janiczek Wealth Management LLC raised its position in shares of Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares during the period. Finally, Briaud Financial Planning Inc bought a new position in shares of Dominion Energy in the third quarter valued at about $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on D shares. BMO Capital Markets lowered 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 research report on Monday, March 11th. Scotiabank lowered 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 report on Monday. Guggenheim lowered their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Barclays lowered 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 report on Monday, April 15th. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.10.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert M. Blue bought 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired 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 owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

Dominion Energy Price Performance

D stock opened at $51.25 on Thursday. 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 12 month low of $39.18 and a 12 month high of $57.90. The firm has a market cap of $42.93 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.00 and a beta of 0.61. The company’s 50-day moving average price is $47.97 and its two-hundred day moving average price is $46.28.

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 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 company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts anticipate that Dominion Energy, Inc. will post 2.84 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors 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 yield of 5.21%. Dominion Energy’s dividend payout ratio is presently 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.