Dominion Energy, Inc. (NYSE:D) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,439 shares of the utilities provider’s stock after selling 31,844 shares during the quarter. DAVENPORT & Co LLC’s holdings in Dominion Energy were worth $21,783,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Dominion Energy in the second quarter valued at about $1,651,000. AQR Capital Management LLC grew its stake in Dominion Energy by 201.9% during the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock valued at $1,654,000 after acquiring an additional 22,567 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Dominion Energy by 14.7% in the 2nd quarter. Clearbridge Investments LLC now owns 5,134 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 659 shares during the last quarter. Czech National Bank lifted its stake in Dominion Energy by 7.0% in the 3rd quarter. Czech National Bank now owns 170,900 shares of the utilities provider’s stock worth $9,876,000 after purchasing an additional 11,171 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Dominion Energy by 20.0% during the 3rd quarter. GAMMA Investing LLC now owns 20,581 shares of the utilities provider’s stock worth $1,189,000 after purchasing an additional 3,426 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on D. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Down 0.6 %

Dominion Energy stock opened at $55.47 on Monday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year 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 stock’s 50 day moving average price is $54.96 and its 200 day moving average price is $56.09. The company has a market cap of $46.60 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.20 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 EPS. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.