Dominion Energy, Inc. (NYSE:D) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 783,461 shares of the utilities provider's stock after selling 107,140 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of Dominion Energy worth $42,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after buying an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC lifted its position in Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after acquiring an additional 1,068,996 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

NYSE D traded up $0.80 during trading on Thursday, reaching $56.01. The company's stock had a trading volume of 4,611,987 shares, compared to its average volume of 4,539,673. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The business's fifty day moving average price is $54.22 and its 200-day moving average price is $54.99. The firm has a market cap of $47.76 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.22 and a beta of 0.57.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. 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 4.77%. Dominion Energy's dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on D shares. JPMorgan Chase & Co. reissued 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. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley dropped their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Finally, UBS Group lifted their price objective 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. One 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.63.

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.