Westpac Banking Corp Sells 5,288 Shares of Dominion Energy, Inc. (NYSE:D)

Westpac Banking Corp decreased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,757 shares of the utilities provider's stock after selling 5,288 shares during the period. Westpac Banking Corp's holdings in Dominion Energy were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of D. Vanguard Group Inc. increased its holdings in Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after purchasing an additional 674,859 shares in the last quarter. State Street Corp grew 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 worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after buying an additional 1,459,926 shares during the period. JPMorgan Chase & Co. grew its holdings in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the period. 73.04% of the stock is currently owned by institutional investors.

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Dominion Energy Stock Up 5.6 %

Dominion Energy stock traded up $2.76 during midday trading on Wednesday, hitting $52.42. 9,852,549 shares of the stock were exchanged, compared to its average volume of 4,308,631. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $44.67 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97. The business's 50-day moving average price is $54.85 and its 200-day moving average price is $55.88.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. Morgan Stanley boosted their price objective 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. Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus target price of $57.00.

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.