Dominion Energy, Inc. (NYSE:D) Stake Reduced by Truist Financial Corp

Truist Financial Corp decreased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,283 shares of the utilities provider's stock after selling 73,604 shares during the quarter. Truist Financial Corp's holdings in Dominion Energy were worth $18,866,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock valued at $130,074,000 after acquiring an additional 2,229,220 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider's stock valued at $85,734,000 after acquiring an additional 1,463,858 shares during the period. State Street Corp boosted its holdings in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after acquiring an additional 1,365,555 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 1,222,688 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of NYSE D traded up $1.04 during midday trading on Friday, reaching $57.36. 1,785,627 shares of the company traded hands, compared to its average volume of 4,501,085. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The stock has a 50-day moving average price of $54.51 and a 200 day moving average price of $56.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market cap of $48.18 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.21 and a beta of 0.61.

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

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

D has been the subject of several analyst reports. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target for the company. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven 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 stock presently has a consensus rating of "Hold" and an average target price of $56.58.

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.