Price T Rowe Associates Inc. MD Sells 4,563,841 Shares of Dominion Energy, Inc. (NYSE:D)

Price T Rowe Associates Inc. MD lessened its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,538,170 shares of the utilities provider's stock after selling 4,563,841 shares during the period. Price T Rowe Associates Inc. MD owned 1.49% of Dominion Energy worth $675,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in D. Cape Investment Advisory Inc. lifted its holdings 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 buying an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the period. BankPlus Trust Department acquired a new stake in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, Fairway Wealth LLC bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $57.00.

Dominion Energy Price Performance

D stock traded down $0.27 during midday trading on Wednesday, reaching $54.04. 902,335 shares of the stock were exchanged, compared to its average volume of 4,356,792. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The company has a fifty day moving average price of $54.23 and a 200 day moving average price of $55.49. 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 has a market capitalization of $46.05 billion, a PE ratio of 20.00, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly 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 return on equity of 8.99% and a net margin of 16.22%. As a group, analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

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.