Dominion Energy, Inc. (NYSE:D) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,870 shares of the utilities provider's stock after selling 20,515 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Dominion Energy were worth $8,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of D. Massachusetts Financial Services Co. MA increased its stake in Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider's stock worth $1,452,145,000 after acquiring an additional 477,181 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Dominion Energy by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider's stock valued at $734,007,000 after buying an additional 940,402 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Dominion Energy by 0.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider's stock worth $283,227,000 after buying an additional 27,984 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock worth $298,481,000 after buying an additional 43,055 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Dominion Energy by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,411 shares of the utilities provider's stock worth $224,307,000 after buying an additional 130,108 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of a number of analyst reports. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, August 5th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.33.

Dominion Energy Stock Performance

Dominion Energy stock traded down $1.40 during mid-day trading on Monday, reaching $57.35. 5,658,210 shares of the company traded hands, compared to its average volume of 4,436,539. The firm's fifty day moving average is $58.19 and its two-hundred day moving average is $55.06. The company has a market capitalization of $48.17 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.66%. Dominion Energy's dividend payout ratio is presently 93.68%.

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.