Dominion Energy, Inc. (NYSE:D) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 2.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 100,615 shares of the utilities provider’s stock after selling 2,676 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dominion Energy were worth $5,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Howard Capital Management Group LLC acquired a new position in Dominion Energy during the third quarter worth about $210,000. Farther Finance Advisors LLC boosted its position in Dominion Energy by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 5,995 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 841 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Dominion Energy by 39.4% during the third quarter. Chicago Partners Investment Group LLC now owns 5,935 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 1,678 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in Dominion Energy by 27.8% during the third quarter. Confluence Wealth Services Inc. now owns 6,550 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 1,425 shares during the period. Finally, Van ECK Associates Corp raised its stake in Dominion Energy by 7.3% during the third quarter. Van ECK Associates Corp now owns 232,143 shares of the utilities provider’s stock worth $14,144,000 after purchasing an additional 15,790 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on D. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank lifted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $56.86 on Tuesday. The company’s 50 day simple moving average is $55.01 and its 200-day simple moving average is $56.46. The company has a market capitalization of $47.76 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 1 year low of $44.49 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. As a group, equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

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.