Ontario Teachers Pension Plan Board Sells 85,982 Shares of Dominion Energy, Inc. (NYSE:D)

Ontario Teachers Pension Plan Board trimmed its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 64.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 47,546 shares of the utilities provider's stock after selling 85,982 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Dominion Energy were worth $2,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Caprock Group LLC increased its stake in shares of Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock valued at $474,000 after buying an additional 5,525 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock worth $4,007,000 after purchasing an additional 12,890 shares in the last quarter. Ascent Wealth Partners LLC purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $1,223,000. Pathway Financial Advisers LLC boosted its stake in shares of Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider's stock valued at $2,784,000 after purchasing an additional 37,514 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Dominion Energy by 3.8% during the third quarter. Asset Management One Co. Ltd. now owns 315,645 shares of the utilities provider's stock valued at $18,241,000 after buying an additional 11,517 shares during the period. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of D stock traded up $0.20 during mid-day trading on Wednesday, hitting $57.80. The company had a trading volume of 2,632,618 shares, compared to its average volume of 4,430,451. The company has a market capitalization of $48.55 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.53 and a beta of 0.59. The stock's 50 day moving average price is $58.04 and its 200-day moving average price is $54.71. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week 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.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the company earned $0.77 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.62%. Dominion Energy's payout ratio is 93.68%.

Analysts Set New Price Targets

D has been the topic of several research reports. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $55.91.

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.