Dominion Energy, Inc. (NYSE:D) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its position in Dominion Energy, Inc. (NYSE:D) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,600 shares of the utilities provider’s stock after selling 2,050 shares during the period. TIAA Trust National Association’s holdings in Dominion Energy were worth $1,756,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its position in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after purchasing an additional 2,229,220 shares during the period. State Street Corp lifted its holdings in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Dominion Energy in the 4th quarter valued at $71,409,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $53.84 on Thursday. The firm has a market cap of $45.87 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $46.62 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 business has a fifty day simple moving average of $55.19 and a 200 day simple moving average of $56.22.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Analyst Ratings Changes

Several analysts have issued reports on D shares. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley boosted their target price 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. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $57.58.

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.