Wills Financial Group Inc. Trims Position in Dominion Energy, Inc. (NYSE:D)

Wills Financial Group Inc. lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,266 shares of the utilities provider's stock after selling 12,074 shares during the period. Dominion Energy accounts for approximately 1.9% of Wills Financial Group Inc.'s holdings, making the stock its 21st biggest position. Wills Financial Group Inc.'s holdings in Dominion Energy were worth $4,431,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of D. Vanguard Group Inc. boosted its holdings in Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after acquiring an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. grew its position in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after purchasing an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

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

Dominion Energy Stock Performance

D stock traded up $0.76 during midday trading on Thursday, reaching $55.14. 4,398,327 shares of the company's stock traded hands, compared to its average volume of 5,108,534. 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 52-week low of $47.99 and a 52-week high of $61.97. The stock has a market cap of $46.99 billion, a P/E ratio of 20.40, a PEG ratio of 1.22 and a beta of 0.57. The stock's 50-day moving average is $54.17 and its 200 day moving average is $55.48.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Dominion Energy's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. As a group, analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS 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.