Envestnet Asset Management Inc. Has $46.08 Million Stake in Dominion Energy, Inc. (NYSE:D)

Envestnet Asset Management Inc. trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 25.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 855,601 shares of the utilities provider's stock after selling 298,108 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of Dominion Energy worth $46,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cape Investment Advisory Inc. grew its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares in the last quarter. BankPlus Trust Department bought a new position in shares of Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after purchasing an additional 260 shares during the period. Institutional investors own 73.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $57.00.

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Dominion Energy Stock Up 0.3 %

D stock traded up $0.14 during midday trading on Wednesday, reaching $53.81. The company had a trading volume of 1,496,909 shares, compared to its average volume of 5,044,547. The company has a 50 day moving average of $54.73 and a two-hundred day moving average of $55.77. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $61.97. The company has a market capitalization of $45.85 billion, a P/E ratio of 19.91, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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 research analysts expect 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. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.96%. Dominion Energy's payout ratio is presently 98.89%.

Dominion Energy 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.