Dominion Energy, Inc. (NYSE:D) Position Trimmed by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,899 shares of the utilities provider's stock after selling 18,614 shares during the period. CIBC Asset Management Inc's holdings in Dominion Energy were worth $8,257,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Dominion Energy by 2.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,943 shares of the utilities provider's stock worth $1,846,000 after buying an additional 790 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Dominion Energy by 32.1% in the 3rd quarter. Metis Global Partners LLC now owns 68,696 shares of the utilities provider's stock valued at $3,970,000 after purchasing an additional 16,695 shares during the last quarter. KBC Group NV raised its stake in Dominion Energy by 3.0% in the third quarter. KBC Group NV now owns 65,413 shares of the utilities provider's stock valued at $3,780,000 after buying an additional 1,895 shares in the last quarter. Huntington National Bank lifted its stake in Dominion Energy by 2.3% during the third quarter. Huntington National Bank now owns 94,395 shares of the utilities provider's stock worth $5,455,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Schrum Private Wealth Management LLC acquired a new position in shares of Dominion Energy in the 3rd quarter valued at $245,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on D shares. BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 target price for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average target price of $55.91.

Dominion Energy Trading Up 2.6 %

NYSE:D traded up $1.44 on Friday, hitting $57.63. 5,808,408 shares of the stock were exchanged, compared to its average volume of 4,670,383. The stock has a fifty day moving average of $58.03 and a 200-day moving average of $54.60. The stock has a market cap of $48.41 billion, a PE ratio of 20.22, a PEG ratio of 1.53 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm posted $0.77 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. Dominion Energy's dividend payout ratio is presently 93.68%.

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.