Vinva Investment Management Ltd Sells 10,590 Shares of Dominion Energy, Inc. (NYSE:D)

Vinva Investment Management Ltd lessened its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,678 shares of the utilities provider's stock after selling 10,590 shares during the period. Vinva Investment Management Ltd's holdings in Dominion Energy were worth $360,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Simon Quick Advisors LLC raised its position in shares of Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY raised its holdings in Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock worth $450,000 after purchasing an additional 195 shares during the period. Choate Investment Advisors boosted its position in shares of Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after purchasing an additional 198 shares in the last quarter. Passumpsic Savings Bank grew its holdings in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after buying an additional 199 shares during the period. Finally, Meridian Financial Partners LLC increased its position in shares of Dominion Energy by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock valued at $752,000 after buying an additional 219 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

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Dominion Energy Stock Up 1.9 %

NYSE:D traded up $0.99 on Wednesday, hitting $53.84. 3,617,850 shares of the company's stock were exchanged, compared to its average volume of 4,053,991. The firm has a 50-day moving average price of $55.19 and a 200-day moving average price of $56.24. Dominion Energy, Inc. has a 52 week low of $46.56 and a 52 week high of $61.97. 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 $45.87 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

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, 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%. As a group, analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.96%. Dominion Energy's payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on D shares. Morgan Stanley boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Scotiabank lifted 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $57.58.

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.