CIBC Asset Management Inc Sells 14,249 Shares of Dominion Energy, Inc. (NYSE:D)

CIBC Asset Management Inc trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,650 shares of the utilities provider's stock after selling 14,249 shares during the period. CIBC Asset Management Inc's holdings in Dominion Energy were worth $6,929,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC boosted its position in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock valued at $35,000 after buying an additional 449 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.58.

Dominion Energy Stock Up 1.9 %

NYSE D traded up $1.08 during trading hours on Friday, hitting $57.40. 1,785,627 shares of the company traded hands, compared to its average volume of 4,501,085. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The business's 50-day moving average is $54.51 and its 200-day moving average is $56.32. The stock has a market capitalization of $48.21 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.65%. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.

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.