Prudential Financial Inc. Has $26.64 Million Stake in Dominion Energy, Inc. (NYSE:D)

Prudential Financial Inc. cut its stake in Dominion Energy, Inc. (NYSE:D) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 494,645 shares of the utilities provider’s stock after selling 29,656 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Dominion Energy worth $26,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Congress Wealth Management LLC DE raised its holdings in shares of Dominion Energy by 4.6% in the fourth quarter. Congress Wealth Management LLC DE now owns 190,074 shares of the utilities provider’s stock valued at $10,237,000 after purchasing an additional 8,349 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in Dominion Energy in the 4th quarter valued at $270,000. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after buying an additional 674,859 shares during the last quarter. Blueprint Investment Partners LLC bought a new position in shares of Dominion Energy in the 4th quarter valued at about $328,000. Finally, Optimum Investment Advisors increased its position in shares of Dominion Energy by 557.2% in the fourth quarter. Optimum Investment Advisors now owns 3,700 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 3,137 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several recent research reports. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $53.84 on Thursday. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.59. 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 12 month low of $46.62 and a 12 month high of $61.97. The stock’s 50 day moving average is $55.19 and its 200-day moving average is $56.22.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.