Intech Investment Management LLC reduced its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,797 shares of the utilities provider's stock after selling 13,905 shares during the period. Intech Investment Management LLC's holdings in Dominion Energy were worth $959,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new stake in Dominion Energy during the 4th quarter worth about $3,633,000. Horizon Investments LLC boosted its position in Dominion Energy by 1.9% during the fourth quarter. Horizon Investments LLC now owns 15,827 shares of the utilities provider's stock valued at $852,000 after purchasing an additional 294 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Dominion Energy by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 53,109 shares of the utilities provider's stock valued at $2,898,000 after purchasing an additional 3,628 shares in the last quarter. Mystic Asset Management Inc. increased its position in Dominion Energy by 6.8% in the 4th quarter. Mystic Asset Management Inc. now owns 6,252 shares of the utilities provider's stock worth $337,000 after purchasing an additional 398 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Dominion Energy by 30.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 10,750 shares of the utilities provider's stock worth $579,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.
Dominion Energy Price Performance
Shares of NYSE D traded up $0.99 during midday trading on Wednesday, reaching $53.84. 3,617,849 shares of the company traded hands, compared to its average volume of 4,053,991. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock's 50-day simple moving average is $55.19 and its 200-day simple moving average is $56.24. The firm has a market cap of $45.87 billion, a PE ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.59.
Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued 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 dividend yield of 4.96%. Dominion Energy's dividend payout ratio is 98.89%.
Analyst Ratings Changes
A number of equities analysts recently commented on D shares. Scotiabank raised their price objective 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. 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 report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley boosted 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. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.58.
Get Our Latest Research Report on D
Dominion Energy Company Profile
(
Free Report)
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.
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