Wellington Management Group LLP Sells 373,299 Shares of Dominion Energy, Inc. (NYSE:D)

Wellington Management Group LLP lowered its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,861,946 shares of the utilities provider's stock after selling 373,299 shares during the period. Wellington Management Group LLP owned about 1.74% of Dominion Energy worth $800,464,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the third quarter worth $210,000. FMR LLC lifted its holdings in Dominion Energy by 20.5% during the 3rd quarter. FMR LLC now owns 3,800,024 shares of the utilities provider's stock worth $219,603,000 after buying an additional 647,725 shares during the period. Townsquare Capital LLC grew its position in shares of Dominion Energy by 22.7% in the 3rd quarter. Townsquare Capital LLC now owns 15,683 shares of the utilities provider's stock valued at $906,000 after buying an additional 2,899 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $329,000. Finally, Edgestream Partners L.P. raised its position in shares of Dominion Energy by 857.3% during the third quarter. Edgestream Partners L.P. now owns 41,871 shares of the utilities provider's stock worth $2,420,000 after acquiring an additional 37,497 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on D shares. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, 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 note on Friday, March 21st. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $57.58.

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Dominion Energy Stock Down 6.1 %

D stock traded down $3.42 during trading on Friday, reaching $52.83. 8,631,022 shares of the stock were exchanged, compared to its average volume of 4,244,841. The firm's 50 day moving average is $55.31 and its 200 day moving average is $56.10. The firm has a market cap of $45.02 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. 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, Inc. has a twelve month low of $46.62 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio is currently 98.89%.

Dominion Energy Company 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.