Dominion Energy, Inc. (NYSE:D) Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 563,327 shares of the utilities provider’s stock after selling 116,358 shares during the quarter. Korea Investment CORP’s holdings in Dominion Energy were worth $30,341,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Howard Capital Management Group LLC acquired a new position in Dominion Energy during the third quarter worth $210,000. Larson Financial Group LLC raised its stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Dominion Energy by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 55,626 shares of the utilities provider’s stock worth $3,215,000 after buying an additional 898 shares in the last quarter. FMR LLC grew its stake in Dominion Energy by 20.5% in the 3rd quarter. FMR LLC now owns 3,800,024 shares of the utilities provider’s stock valued at $219,603,000 after acquiring an additional 647,725 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in Dominion Energy by 0.8% during the 3rd quarter. Quantbot Technologies LP now owns 34,072 shares of the utilities provider’s stock valued at $1,969,000 after acquiring an additional 283 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $54.98 on Friday. The company has a market cap of $46.85 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59. The firm’s 50 day moving average is $55.17 and its two-hundred day moving average is $56.19. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Upgrades and Downgrades

D has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.58.

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.