Wedge Capital Management L L P NC Sells 7,346 Shares of Dominion Energy, Inc. (NYSE:D)

Wedge Capital Management L L P NC decreased its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,209 shares of the utilities provider's stock after selling 7,346 shares during the period. Wedge Capital Management L L P NC's holdings in Dominion Energy were worth $12,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. lifted its holdings in shares of 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 acquiring an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock worth $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new stake in Dominion Energy in the third quarter worth $1,223,000. Hotchkis & Wiley Capital Management LLC boosted its position 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 valued at $487,567,000 after buying an additional 3,278,175 shares during the period. Finally, Barclays PLC grew its stake in shares of Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after buying an additional 404,868 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports 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 report on Friday, November 8th. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and a consensus price target of $56.58.

Dominion Energy Stock Up 0.5 %

Shares of D stock traded up $0.28 during mid-day trading on Friday, hitting $55.34. The company's stock had a trading volume of 4,655,433 shares, compared to its average volume of 3,195,633. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. 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, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The business has a 50-day moving average price of $55.49 and a 200 day moving average price of $55.71.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. Dominion Energy's dividend payout ratio is currently 93.68%.

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.