Point72 Asset Management L.P. lessened its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 76.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,660 shares of the utilities provider's stock after selling 1,728,151 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.06% of Dominion Energy worth $28,150,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Cape Investment Advisory Inc. lifted its holdings in shares of Dominion Energy by 175.4% during the 4th 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 purchased a new stake in shares of Dominion Energy during the 4th quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Performance
D traded up $1.73 during midday trading on Tuesday, hitting $57.93. 11,479,584 shares of the company were exchanged, compared to its average volume of 4,486,515. The company's 50 day simple moving average is $53.96 and its 200 day simple moving average is $55.01. The firm has a market capitalization of $49.40 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $0.55 EPS. The company's quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.
Analyst Ratings Changes
D has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley raised their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $58.75.
View Our Latest Research Report on Dominion Energy
About Dominion Energy
(
Free Report)
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.
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