Dominion Energy, Inc. (NYSE:D) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. cut its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 58.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,483 shares of the utilities provider's stock after selling 63,239 shares during the period. Zions Bancorporation N.A.'s holdings in Dominion Energy were worth $2,628,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider's stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Dominion Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider's stock worth $1,452,145,000 after acquiring an additional 477,181 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider's stock worth $1,204,904,000 after acquiring an additional 2,801,687 shares during the period. Capital Research Global Investors lifted its stake in Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider's stock worth $1,061,740,000 after acquiring an additional 3,613,614 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Dominion Energy by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider's stock worth $734,007,000 after acquiring an additional 940,402 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on D shares. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and an average target price of $55.91.

Dominion Energy Trading Down 0.7 %

NYSE D traded down $0.39 on Thursday, reaching $56.19. 4,727,607 shares of the company were exchanged, compared to its average volume of 4,431,937. 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 fifty-two week low of $43.53 and a fifty-two week high of $61.97. The business's fifty day moving average price is $58.05 and its 200 day moving average price is $54.52. The stock has a market capitalization of $47.20 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. Analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.75%. Dominion Energy's dividend payout ratio is currently 93.68%.

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.