PNC Financial Services Group Inc. lowered its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,096,834 shares of the utilities provider's stock after selling 41,454 shares during the quarter. PNC Financial Services Group Inc. owned about 0.13% of Dominion Energy worth $59,075,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Aviance Capital Partners LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $254,000. Oak Hill Wealth Advisors LLC lifted its stake in shares of Dominion Energy by 208.6% in the 4th quarter. Oak Hill Wealth Advisors LLC now owns 9,789 shares of the utilities provider's stock valued at $527,000 after purchasing an additional 18,799 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Dominion Energy by 21.6% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,199 shares of the utilities provider's stock valued at $388,000 after purchasing an additional 1,279 shares during the period. Callan Family Office LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $263,000. Finally, Vestmark Advisory Solutions Inc. lifted its stake in shares of Dominion Energy by 14.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 39,719 shares of the utilities provider's stock valued at $2,139,000 after purchasing an additional 4,939 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on D. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective on the stock. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $57.00.
Read Our Latest Research Report on D
Dominion Energy Stock Performance
D opened at $55.21 on Monday. The business's 50-day moving average price is $55.05 and its two-hundred day moving average price is $56.40. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.22 and a beta of 0.59. 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 quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) 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%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy's payout ratio is 98.89%.
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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