DAVENPORT & Co LLC Has $21.78 Million Stake in Dominion Energy, Inc. (NYSE:D)

DAVENPORT & Co LLC decreased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,439 shares of the utilities provider's stock after selling 31,844 shares during the period. DAVENPORT & Co LLC's holdings in Dominion Energy were worth $21,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its position in shares of 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 acquiring an additional 1,365,555 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares during the period. Geode Capital Management LLC increased its stake in Dominion Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider's stock valued at $1,032,941,000 after buying an additional 367,193 shares during the period. Franklin Resources Inc. increased its stake in shares of Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider's stock worth $496,358,000 after acquiring an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on D shares. Morgan Stanley began 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. The Goldman Sachs Group restated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped 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. Finally, Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Eleven equities 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 company presently has an average rating of "Hold" and a consensus price target of $56.58.

Dominion Energy Stock Up 0.2 %

Shares of Dominion Energy stock traded up $0.12 during trading on Wednesday, reaching $54.08. The stock had a trading volume of 6,157,161 shares, compared to its average volume of 4,717,220. 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 52 week low of $43.53 and a 52 week high of $61.97. The company has a market capitalization of $45.43 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.21 and a beta of 0.61. The stock has a fifty day moving average price of $54.81 and a two-hundred day moving average price of $56.17.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.94%. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

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.