Mn Services Vermogensbeheer B.V. Sells 234,200 Shares of Dominion Energy, Inc. (NYSE:D)

Mn Services Vermogensbeheer B.V. reduced its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,300 shares of the utilities provider's stock after selling 234,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Dominion Energy were worth $7,957,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of D. JPMorgan Chase & Co. increased its position in shares of Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider's stock valued at $1,045,051,000 after acquiring an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider's stock valued at $729,898,000 after acquiring an additional 14,105,237 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dominion Energy by 2.1% during the first quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider's stock valued at $823,620,000 after purchasing an additional 303,891 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider's stock valued at $604,953,000 after purchasing an additional 9,854,975 shares during the period. Finally, Northern Trust Corp boosted its holdings in Dominion Energy by 2.7% in the first quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider's stock worth $754,843,000 after purchasing an additional 234,077 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

D has been the subject of a number of research reports. Barclays dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday. Mizuho cut their price target on shares of Dominion Energy from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 6th. BMO Capital Markets cut shares of Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 price objective for the company. in a report on Monday, March 11th. Wells Fargo & Company raised their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. Finally, Scotiabank cut their price objective on Dominion Energy from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $50.10.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $1.07 during trading on Tuesday, reaching $46.85. The company's stock had a trading volume of 3,467,454 shares, compared to its average volume of 5,494,421. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $47.30 and a 200-day moving average price of $45.96. The company has a market capitalization of $39.24 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.69.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $4.21 billion. During the same period in the prior year, the business posted $1.06 EPS. The business's revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.70%. Dominion Energy's payout ratio is 114.59%.

Insider Buying and Selling at Dominion Energy

In other news, Director Joseph M. Rigby purchased 2,130 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company's stock, valued at $395,093.98. The transaction 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 stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company's stock, valued at approximately $395,093.98. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the business's stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares of the company's stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company's stock.

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.