DekaBank Deutsche Girozentrale Lowers Stock Holdings in Dominion Energy, Inc. (NYSE:D)

DekaBank Deutsche Girozentrale lowered its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 28.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 91,635 shares of the utilities provider's stock after selling 36,720 shares during the period. DekaBank Deutsche Girozentrale's holdings in Dominion Energy were worth $4,291,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. boosted its stake in Dominion Energy by 5.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider's stock valued at $178,176,000 after purchasing an additional 199,629 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Dominion Energy by 196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider's stock worth $18,451,000 after buying an additional 259,978 shares during the last quarter. CWM LLC boosted its stake in shares of Dominion Energy by 18.7% in the 3rd quarter. CWM LLC now owns 553,557 shares of the utilities provider's stock worth $24,727,000 after buying an additional 87,280 shares during the last quarter. Morgan Stanley boosted its stake in shares of Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider's stock worth $316,395,000 after buying an additional 803,341 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Dominion Energy by 97.3% in the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider's stock worth $674,000 after buying an additional 7,071 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Insider Activity

In other news, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert M. Blue purchased 21,735 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares of the company's stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on D shares. Wells Fargo & Company boosted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 7th. Guggenheim lowered their price target on shares of Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, March 4th. BMO Capital Markets cut shares of Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 price target on the stock. in a report on Monday, March 11th. StockNews.com cut shares of Dominion Energy from a "hold" rating to a "sell" rating in a report on Friday, February 23rd. Finally, Scotiabank lowered their price target on shares of Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $49.90.

Dominion Energy Price Performance

NYSE:D traded down $0.11 during midday trading on Friday, hitting $48.91. The company had a trading volume of 5,523,703 shares, compared to its average volume of 5,538,273. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.69. The stock's fifty day moving average price is $47.24 and its 200-day moving average price is $45.93. The company has a market capitalization of $40.97 billion, a PE ratio of 20.99, a P/E/G ratio of 2.00 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The business's quarterly revenue was down 7.2% on a year-over-year basis. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.46%. Dominion Energy's payout ratio is 114.59%.

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.