Northwest & Ethical Investments L.P. Has $10.52 Million Position in Dominion Energy, Inc. (NYSE:D)

Northwest & Ethical Investments L.P. cut its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,264 shares of the utilities provider's stock after selling 56,181 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Dominion Energy were worth $10,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter valued at about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded down $0.26 on Monday, reaching $54.29. The stock had a trading volume of 4,144,549 shares, compared to its average volume of 4,056,614. 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 business's 50-day moving average price is $55.21 and its two-hundred day moving average price is $56.27. The stock has a market cap of $46.26 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97.

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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%. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.92%. Dominion Energy's payout ratio is 98.89%.

Analyst Ratings Changes

A number of research firms have issued reports on D. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $57.58.

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.