Sompo Asset Management Co. Ltd. Sells 39,400 Shares of Dominion Energy, Inc. (NYSE:D)

Sompo Asset Management Co. Ltd. reduced its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 43.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,680 shares of the utilities provider's stock after selling 39,400 shares during the quarter. Sompo Asset Management Co. Ltd.'s holdings in Dominion Energy were worth $2,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in D. Norges Bank bought a new position in shares of Dominion Energy during the fourth quarter valued at about $473,354,000. American Century Companies Inc. raised its position in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Marshall Wace LLP lifted its holdings in Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after buying an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after buying an additional 1,459,926 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $71,409,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 2.6 %

Dominion Energy stock opened at $53.40 on Wednesday. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The business's fifty day simple moving average is $54.46 and its two-hundred day simple moving average is $55.59. 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 (NYSE:D - Get Free Report) last announced its quarterly earnings results 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%. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio is currently 98.89%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One equities 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.00.

Dominion Energy Profile

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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