Principal Financial Group Inc. Sells 8,103 Shares of Dominion Energy, Inc. (NYSE:D)

Principal Financial Group Inc. lowered its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 943,660 shares of the utilities provider's stock after selling 8,103 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Dominion Energy worth $50,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spectrum Wealth Advisory Group LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $245,000. J.W. Cole Advisors Inc. boosted its position in Dominion Energy by 2.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 11,630 shares of the utilities provider's stock worth $626,000 after purchasing an additional 257 shares during the period. Valmark Advisers Inc. increased its holdings in shares of Dominion Energy by 145.2% in the fourth quarter. Valmark Advisers Inc. now owns 23,175 shares of the utilities provider's stock valued at $1,248,000 after purchasing an additional 13,724 shares during the last quarter. Allworth Financial LP raised its position in shares of Dominion Energy by 11.7% in the fourth quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider's stock valued at $1,124,000 after purchasing an additional 2,226 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Dominion Energy by 3.9% during the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider's stock worth $851,000 after buying an additional 590 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of D traded up $1.06 during trading hours on Friday, hitting $57.38. 5,117,359 shares of the company were exchanged, compared to its average volume of 4,602,955. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The company has a market cap of $48.20 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.21 and a beta of 0.61. The firm's fifty day moving average is $54.51 and its 200 day moving average is $56.32.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. 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 note on Thursday, December 12th. The Goldman Sachs Group restated a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.