Dodge & Cox Sells 64,740 Shares of Dominion Energy, Inc. (NYSE:D)

Dodge & Cox lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,623,133 shares of the utilities provider's stock after selling 64,740 shares during the period. Dodge & Cox owned about 2.69% of Dominion Energy worth $1,218,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $473,354,000. American Century Companies Inc. raised its position in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after purchasing an additional 2,540,713 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Dominion Energy in the 4th quarter valued at $71,409,000. Finally, JPMorgan Chase & Co. raised 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 buying an additional 1,222,688 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.0 %

Shares of D traded up $0.01 during mid-day trading on Friday, reaching $53.07. 8,734,005 shares of the company were exchanged, compared to its average volume of 4,351,277. The business has a 50 day simple moving average of $54.60 and a two-hundred day simple moving average of $55.68. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The stock has a market capitalization of $45.22 billion, a PE ratio of 19.65, a PEG ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) 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%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on D shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley increased their price objective 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. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $57.00.

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.