Dominion Energy, Inc. (NYSE:D) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,777 shares of the utilities provider's stock after selling 20,046 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Dominion Energy were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of D. Simon Quick Advisors LLC grew its position in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock valued at $450,000 after buying an additional 195 shares during the last quarter. Choate Investment Advisors grew its holdings in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after buying an additional 198 shares in the last quarter. Passumpsic Savings Bank increased its stake in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after acquiring an additional 199 shares during the last quarter. Finally, Meridian Financial Partners LLC raised its holdings in shares of Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock worth $752,000 after acquiring an additional 219 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $57.58.

Dominion Energy Stock Up 1.9 %

NYSE:D traded up $0.99 during mid-day trading on Wednesday, hitting $53.84. 3,617,844 shares of the company's stock traded hands, compared to its average volume of 4,053,991. The company has a fifty day moving average of $55.19 and a 200 day moving average of $56.24. 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 twelve month low of $46.56 and a twelve month high of $61.97. The company has a market capitalization of $45.87 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) 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.