Federated Hermes Inc. Sells 2,310,871 Shares of Dominion Energy, Inc. (NYSE:D)

Federated Hermes Inc. decreased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 99.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,710 shares of the utilities provider's stock after selling 2,310,871 shares during the quarter. Federated Hermes Inc.'s holdings in Dominion Energy were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department bought a new position in Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter worth about $27,000. Fairway Wealth LLC bought a new position in Dominion Energy during the 4th quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after buying an additional 260 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group raised their price target 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and an average price target of $57.00.

Dominion Energy Stock Down 0.5 %

D stock traded down $0.24 during midday trading on Thursday, reaching $53.09. The company had a trading volume of 905,615 shares, compared to its average volume of 4,340,488. 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 $47.99 and a 1 year high of $61.97. The company has a 50 day moving average of $54.41 and a two-hundred day moving average of $55.57. The company has a market capitalization of $45.24 billion, a P/E ratio of 19.66, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. 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 5.03%. Dominion Energy's payout ratio is 98.89%.

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.