CIBC Asset Management Inc Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

CIBC Asset Management Inc lowered its position in Dominion Energy, Inc. (NYSE:D) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 128,650 shares of the utilities provider’s stock after selling 14,249 shares during the period. CIBC Asset Management Inc’s holdings in Dominion Energy were worth $6,929,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in 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 acquiring an additional 449 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.1 %

Dominion Energy stock opened at $55.69 on Thursday. The firm has a 50 day simple moving average of $54.46 and a 200 day simple moving average of $56.32. 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 1-year low of $44.17 and a 1-year high of $61.97. The firm has a market capitalization of $46.78 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.21 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Analysts Set New Price Targets

D has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.58.

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.