Fmr LLC Has $171.29 Million Holdings in Dominion Energy, Inc. (NYSE:D)

FMR LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,180,318 shares of the utilities provider's stock after selling 619,706 shares during the quarter. FMR LLC owned 0.38% of Dominion Energy worth $171,292,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of D. Barclays PLC increased its holdings in shares of Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after purchasing an additional 404,868 shares during the period. Czech National Bank boosted its holdings in shares of Dominion Energy by 6.6% during the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock worth $9,810,000 after purchasing an additional 11,231 shares during the period. HB Wealth Management LLC lifted its stake in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock worth $1,939,000 after acquiring an additional 4,861 shares during the period. Pacer Advisors Inc. lifted its holdings in Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock worth $3,782,000 after buying an additional 7,632 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new stake in Dominion Energy in the fourth quarter worth $1,027,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

D has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and a consensus price target of $57.00.

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Dominion Energy Stock Performance

Dominion Energy stock traded down $0.62 during trading hours on Wednesday, reaching $53.05. 6,082,316 shares of the stock were exchanged, compared to its average volume of 4,322,837. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm's 50 day moving average is $54.73 and its 200 day moving average is $55.77. The stock has a market cap of $45.21 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.03%. 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.