Nuveen Asset Management LLC Has $101.95 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Nuveen Asset Management LLC lessened its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 32.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,892,773 shares of the utilities provider's stock after selling 906,696 shares during the quarter. Nuveen Asset Management LLC owned 0.23% of Dominion Energy worth $101,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its position in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after purchasing an additional 404,868 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Dominion Energy by 15.6% in the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock valued at $1,939,000 after buying an additional 4,861 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock valued at $3,782,000 after buying an additional 7,632 shares in the last quarter. Greenwood Capital Associates LLC acquired a new position in Dominion Energy during the fourth quarter worth $1,027,000. Finally, Teamwork Financial Advisors LLC bought a new stake in Dominion Energy during the fourth quarter worth $498,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on D. UBS Group increased their price target 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. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.75.

Dominion Energy Stock Performance

Shares of NYSE D traded up $1.73 during trading hours on Tuesday, reaching $57.93. 11,479,584 shares of the stock were exchanged, compared to its average volume of 4,483,198. The firm has a market capitalization of $49.40 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.22 and a beta of 0.57. The stock's fifty day simple moving average is $53.96 and its 200 day simple moving average is $55.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. 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 posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping 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 firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter last year, the business earned $0.55 EPS. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.61%. 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.