Rockefeller Capital Management L.P. Sells 14,376 Shares of Dominion Energy, Inc. (NYSE:D)

Rockefeller Capital Management L.P. decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,564 shares of the utilities provider’s stock after selling 14,376 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dominion Energy were worth $9,559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. Family Firm Inc. acquired a new position in Dominion Energy in the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the 3rd quarter worth $32,000. Larson Financial Group LLC lifted its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Dominion Energy in the third quarter valued at about $36,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on D. Barclays increased their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley began coverage on Dominion Energy in a research note on Monday. They issued an “equal weight” rating and a $61.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.33.

Dominion Energy Trading Down 1.2 %

Shares of Dominion Energy stock opened at $56.68 on Wednesday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.61 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. The firm’s 50 day moving average is $58.18 and its 200 day moving average is $55.11.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.