Voya Investment Management LLC Sells 12,263 Shares of Dominion Energy, Inc. (NYSE:D)

Voya Investment Management LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,105 shares of the utilities provider's stock after selling 12,263 shares during the quarter. Voya Investment Management LLC's holdings in Dominion Energy were worth $9,270,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Simon Quick Advisors LLC raised its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares in the last quarter. Cadence Bank increased its stake in Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after acquiring an additional 189 shares during the period. Choate Investment Advisors raised its holdings in Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 198 shares in the last quarter. Passumpsic Savings Bank lifted its position in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 199 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock worth $81,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 0.3 %

Shares of Dominion Energy stock traded up $0.17 on Friday, reaching $55.00. The company's stock had a trading volume of 7,472,082 shares, compared to its average volume of 4,392,141. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The firm's fifty day simple moving average is $54.13 and its two-hundred day simple moving average is $55.46. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $46.87 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.22 and a beta of 0.57.

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

Analysts Set New Price Targets

Several research firms have commented on D. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $57.00.

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.