Axa S.A. Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

AXA S.A. lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,694 shares of the utilities provider's stock after selling 16,911 shares during the quarter. AXA S.A.'s holdings in Dominion Energy were worth $5,262,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Dominion Energy during the 4th quarter valued at $473,354,000. American Century Companies Inc. raised its position in shares of Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after acquiring an additional 2,540,713 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after buying an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Dominion Energy by 4.9% during the 4th 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 purchasing an additional 1,459,926 shares during the last quarter. Finally, Northern Trust Corp increased its position in Dominion Energy by 16.7% during the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock valued at $501,759,000 after buying an additional 1,330,459 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.2 %

D stock traded up $0.10 during mid-day trading on Friday, hitting $55.10. 3,312,233 shares of the company were exchanged, compared to its average volume of 4,401,707. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The firm has a market capitalization of $46.99 billion, a P/E ratio of 20.41, a PEG ratio of 1.22 and a beta of 0.57. The business has a fifty day simple moving average of $53.94 and a 200-day simple moving average of $55.23. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the company posted $0.55 EPS. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.85%. Dominion Energy's payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on D shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley boosted their target price 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. Finally, UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and an average price target of $58.75.

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.