International Assets Investment Management LLC Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

International Assets Investment Management LLC lowered its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 98.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,926 shares of the utilities provider's stock after selling 1,456,612 shares during the period. International Assets Investment Management LLC's holdings in Dominion Energy were worth $1,465,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Canandaigua National Bank & Trust Co. raised its holdings in Dominion Energy by 5.1% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 28,767 shares of the utilities provider's stock valued at $1,549,000 after acquiring an additional 1,386 shares during the period. Ables Iannone Moore & Associates Inc. grew its position in shares of Dominion Energy by 2.2% during the 4th quarter. Ables Iannone Moore & Associates Inc. now owns 14,014 shares of the utilities provider's stock valued at $755,000 after purchasing an additional 303 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Dominion Energy by 18.0% in the fourth quarter. CWA Asset Management Group LLC now owns 11,123 shares of the utilities provider's stock worth $599,000 after purchasing an additional 1,700 shares during the period. Pensionfund Sabic raised its position in shares of Dominion Energy by 34.1% in the fourth quarter. Pensionfund Sabic now owns 29,500 shares of the utilities provider's stock worth $1,589,000 after buying an additional 7,500 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Dominion Energy by 7.4% during the fourth quarter. Nordea Investment Management AB now owns 66,831 shares of the utilities provider's stock valued at $3,596,000 after buying an additional 4,609 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

D traded up $0.59 on Thursday, hitting $54.62. 4,430,291 shares of the company's stock were exchanged, compared to its average volume of 3,818,838. The firm has a 50-day moving average price of $55.93 and a 200-day moving average price of $55.51. The stock has a market cap of $45.88 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.44 and a beta of 0.60. 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 fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. As a group, equities analysts anticipate 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 was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.89%. The ex-dividend date was Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is 93.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on D. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price for the company. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. Scotiabank upped their price target 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. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.58.

About Dominion Energy

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.