Comerica Bank Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Comerica Bank lessened its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,634 shares of the utilities provider's stock after selling 14,489 shares during the period. Comerica Bank's holdings in Dominion Energy were worth $9,136,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares during the period. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the fourth quarter valued at about $27,000. Finally, Fairway Wealth LLC bought a new position in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 0.6 %

NYSE D traded up $0.30 during trading hours on Tuesday, hitting $54.72. 4,099,706 shares of the company were exchanged, compared to its average volume of 4,397,794. The stock has a market cap of $46.63 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $54.03 and a 200 day moving average price of $55.34. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on D shares. Morgan Stanley boosted their price objective 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. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $58.22.

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.