Dominion Energy Inc. (NYSE:D) Stock Position Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 40.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,223 shares of the utilities provider's stock after selling 16,976 shares during the period. Assenagon Asset Management S.A.'s holdings in Dominion Energy were worth $1,414,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of 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 valued at $25,000 after acquiring an additional 378 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the fourth quarter valued at $26,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Finally, Orion Capital Management LLC bought a new position in shares of Dominion Energy in the 4th quarter worth about $27,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on D shares. UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $58.38.

Dominion Energy Stock Performance

D stock traded up $0.41 during trading on Thursday, reaching $54.18. 10,128,604 shares of the company's stock were exchanged, compared to its average volume of 4,627,787. Dominion Energy Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The firm has a market cap of $46.21 billion, a PE ratio of 20.29, a P/E/G ratio of 1.17 and a beta of 0.56. The company's fifty day moving average price is $54.86 and its 200-day moving average price is $54.74. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company's revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.

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.