Oppenheimer Asset Management Inc. Cuts Holdings in Dominion Energy, Inc. (NYSE:D)

Oppenheimer Asset Management Inc. trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,845 shares of the utilities provider's stock after selling 6,196 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Dominion Energy were worth $7,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its position in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after acquiring an additional 1,365,555 shares during the period. JPMorgan Chase & Co. increased its holdings in Dominion Energy by 4.5% during the 3rd 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 holdings in Dominion Energy by 2.1% during 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 purchasing an additional 367,193 shares during the period. Bank of New York Mellon Corp raised its position in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after purchasing an additional 1,068,996 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Dominion Energy by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider's stock worth $496,358,000 after buying an additional 398,012 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

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Dominion Energy Stock Down 3.5 %

Shares of Dominion Energy stock traded down $2.00 during midday trading on Tuesday, hitting $54.87. The company had a trading volume of 5,269,491 shares, compared to its average volume of 4,748,108. Dominion Energy, Inc. has a 52-week low of $45.99 and a 52-week high of $61.97. 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 stock has a market capitalization of $46.75 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.22 and a beta of 0.58. The company has a 50 day moving average of $55.01 and a 200 day moving average of $56.46.

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 analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.87%. Dominion Energy's dividend payout ratio is presently 98.89%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and an average target price of $56.58.

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.