ClearBridge Investments Ltd Reduces Stake in Dominion Energy, Inc. (NYSE:D)

ClearBridge Investments Ltd lessened its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,316,023 shares of the utilities provider's stock after selling 149,215 shares during the period. Dominion Energy makes up approximately 6.1% of ClearBridge Investments Ltd's portfolio, making the stock its 4th biggest holding. ClearBridge Investments Ltd owned 0.51% of Dominion Energy worth $232,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Dominion Energy during the fourth quarter valued at $473,354,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. American Century Companies Inc. raised its stake in Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the period. Point72 Asset Management L.P. lifted its holdings in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock valued at $130,074,000 after purchasing an additional 2,229,220 shares during the last quarter. Finally, State Street Corp boosted its position in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.0 %

Dominion Energy stock traded down $0.02 during trading hours on Thursday, reaching $56.21. The company had a trading volume of 2,675,551 shares, compared to its average volume of 4,214,763. The firm has a market cap of $47.90 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-month 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. The company has a 50-day moving average price of $55.26 and a 200 day moving average price of $56.15.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current 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 paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $57.58.

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.