Corient Private Wealth LLC Trims Stake in Dominion Energy, Inc. (NYSE:D)

Corient Private Wealth LLC trimmed its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,330 shares of the utilities provider's stock after selling 5,877 shares during the period. Corient Private Wealth LLC's holdings in Dominion Energy were worth $16,445,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of D. Hotchkis & Wiley Capital Management LLC boosted its holdings in Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Dominion Energy by 10,324.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the last quarter. State Street Corp lifted its holdings in shares of Dominion Energy by 3.2% during the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Dominion Energy during the 4th quarter worth $71,409,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $57.58.

Dominion Energy Trading Down 0.9 %

Shares of D stock traded down $0.47 during mid-day trading on Friday, reaching $54.51. The stock had a trading volume of 7,961,348 shares, compared to its average volume of 4,056,184. The stock's 50-day moving average price is $55.19 and its two-hundred day moving average price is $56.30. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. The firm has a market capitalization of $46.44 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. 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 (NYSE:D - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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 expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Friday, February 28th. Dominion Energy's payout ratio is 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.