Dominion Energy, Inc. (NYSE:D) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,660 shares of the utilities provider's stock after selling 9,948 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Dominion Energy were worth $22,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in D. Canada Pension Plan Investment Board raised its stake in Dominion Energy by 0.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,450,928 shares of the utilities provider's stock valued at $616,747,000 after purchasing an additional 63,206 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $176,000. Marshall Wace LLP lifted its stake in shares of Dominion Energy by 8,585.3% during the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after buying an additional 2,184,873 shares during the period. NewEdge Advisors LLC boosted its position in Dominion Energy by 24.3% during the fourth quarter. NewEdge Advisors LLC now owns 70,992 shares of the utilities provider's stock worth $3,824,000 after acquiring an additional 13,877 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in Dominion Energy by 1.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 35,883 shares of the utilities provider's stock worth $1,933,000 after acquiring an additional 457 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on D. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $57.00.

Dominion Energy Stock Down 0.1 %

Shares of NYSE D traded down $0.07 on Wednesday, hitting $53.33. The company had a trading volume of 5,341,954 shares, compared to its average volume of 4,354,988. The firm has a market capitalization of $45.45 billion, a P/E ratio of 19.75, a PEG ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The business has a 50 day moving average of $54.46 and a two-hundred day moving average of $55.59.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, February 28th. Dominion Energy's dividend payout ratio is currently 98.89%.

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.