The Manufacturers Life Insurance Company Sells 40,888 Shares of Dominion Energy, Inc. (NYSE:D)

The Manufacturers Life Insurance Company lessened its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,396,192 shares of the utilities provider's stock after selling 40,888 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.17% of Dominion Energy worth $75,199,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. grew its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position 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 worth $25,000 after purchasing an additional 378 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of Dominion Energy in the 4th quarter valued at about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Finally, Fairway Wealth LLC acquired a new position in Dominion Energy during the 4th quarter worth approximately $27,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.17 during mid-day trading on Friday, reaching $55.00. The company's stock had a trading volume of 7,472,082 shares, compared to its average volume of 4,393,712. The firm's fifty day moving average price is $54.08 and its two-hundred day moving average price is $55.41. 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 12-month low of $47.99 and a 12-month high of $61.97. The company has a market capitalization of $46.87 billion, a P/E ratio of 20.37, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on D. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $58.22.

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.