Dominion Energy, Inc. (NYSE:D) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,300 shares of the utilities provider's stock after selling 11,800 shares during the quarter. Forsta AP Fonden's holdings in Dominion Energy were worth $17,575,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Smith Group Asset Management LLC purchased a new position in Dominion Energy in the 4th quarter valued at approximately $366,000. Robeco Institutional Asset Management B.V. raised its position in Dominion Energy by 325.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 51,323 shares of the utilities provider's stock valued at $2,764,000 after purchasing an additional 39,250 shares in the last quarter. R Squared Ltd purchased a new position in shares of Dominion Energy in the 4th quarter valued at about $275,000. SteelPeak Wealth LLC increased its stake in shares of Dominion Energy by 10.4% during the fourth quarter. SteelPeak Wealth LLC now owns 17,039 shares of the utilities provider's stock worth $918,000 after buying an additional 1,599 shares during the period. Finally, Stonegate Investment Group LLC lifted its stake in Dominion Energy by 1.6% in the fourth quarter. Stonegate Investment Group LLC now owns 15,321 shares of the utilities provider's stock worth $825,000 after acquiring an additional 243 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Dominion Energy stock traded up $0.57 during midday trading on Thursday, reaching $55.67. The company's stock had a trading volume of 501,476 shares, compared to its average volume of 4,315,259. The firm has a market capitalization of $46.76 billion, a PE ratio of 19.53, a P/E/G ratio of 1.15 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock's 50 day simple moving average is $55.06 and its 200 day simple moving average is $56.03. 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 (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. Dominion Energy's revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given 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 4.80%. Dominion Energy's dividend payout ratio is currently 93.68%.

Analyst Ratings Changes

D has been the topic of several research analyst reports. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Scotiabank upped their target price on 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 initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.58.

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.