Legal & General Group Plc trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,049,908 shares of the utilities provider's stock after selling 1,663,444 shares during the period. Legal & General Group Plc owned approximately 0.84% of Dominion Energy worth $379,708,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after buying an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC increased its position in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after purchasing an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock worth $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Stock Performance
Shares of NYSE:D traded up $0.74 during midday trading on Friday, hitting $52.67. The company's stock had a trading volume of 5,152,819 shares, compared to its average volume of 4,313,731. 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 $54.74 and its 200 day simple moving average is $55.80. The stock has a market capitalization of $44.89 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.
Analysts Set New Price Targets
Several brokerages recently commented on D. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and a consensus target price of $57.00.
View Our Latest Research Report on D
About Dominion Energy
(
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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