Dominion Energy, Inc. (NYSE:D) Stock Position Lowered by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,829 shares of the utilities provider's stock after selling 65,478 shares during the period. Stifel Financial Corp owned approximately 0.05% of Dominion Energy worth $23,366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Barclays PLC increased its position in shares of Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after acquiring an additional 404,868 shares during the last quarter. Czech National Bank increased its stake in shares of Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock worth $9,810,000 after buying an additional 11,231 shares during the last quarter. HB Wealth Management LLC raised its holdings in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock valued at $1,939,000 after acquiring an additional 4,861 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Dominion Energy by 12.2% during the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock valued at $3,782,000 after acquiring an additional 7,632 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth about $1,027,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Morgan Stanley raised their price objective 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. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus target price of $57.00.

Dominion Energy Stock Performance

Shares of D traded down $0.27 during mid-day trading on Wednesday, reaching $54.04. 902,335 shares of the company's stock traded hands, compared to its average volume of 4,356,792. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The stock has a market capitalization of $46.05 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The business's 50-day moving average price is $54.23 and its 200-day moving average price is $55.49. 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 (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

About Dominion Energy

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.