iA Global Asset Management Inc. Sells 14,049 Shares of Dominion Energy, Inc. (NYSE:D)

iA Global Asset Management Inc. lessened its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,694 shares of the utilities provider's stock after selling 14,049 shares during the quarter. iA Global Asset Management Inc.'s holdings in Dominion Energy were worth $849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC raised its position in Dominion Energy by 8.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 6,428 shares of the utilities provider's stock valued at $315,000 after acquiring an additional 491 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Dominion Energy by 11.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,827 shares of the utilities provider's stock valued at $825,000 after buying an additional 1,762 shares during the last quarter. Wedmont Private Capital raised its holdings in Dominion Energy by 10.5% in the 2nd quarter. Wedmont Private Capital now owns 5,326 shares of the utilities provider's stock worth $277,000 after acquiring an additional 504 shares during the period. Friedenthal Financial bought a new stake in Dominion Energy during the second quarter valued at about $49,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Dominion Energy by 3.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider's stock valued at $5,568,000 after purchasing an additional 3,990 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Down 1.0 %

NYSE:D traded down $0.56 during trading hours on Tuesday, reaching $55.04. 5,099,060 shares of the stock were exchanged, compared to its average volume of 4,467,002. The stock has a market cap of $46.23 billion, a PE ratio of 19.30, a PEG ratio of 1.49 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a 50 day moving average of $58.09 and a 200 day moving average of $55.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. On average, equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.85%. Dominion Energy's payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent research reports. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target on the stock. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 target price for the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $56.33.

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.