ClearBridge Investments Ltd Sells 149,215 Shares of Dominion Energy, Inc. (NYSE:D)

ClearBridge Investments Ltd lowered its stake in Dominion Energy, Inc. (NYSE:D) by 3.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,316,023 shares of the utilities provider’s stock after selling 149,215 shares during the period. Dominion Energy makes up 6.1% of ClearBridge Investments Ltd’s investment portfolio, making the stock its 4th largest position. ClearBridge Investments Ltd’s holdings in Dominion Energy were worth $232,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in shares of Dominion Energy by 397.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 709,944 shares of the utilities provider’s stock valued at $38,763,000 after purchasing an additional 567,135 shares during the period. Summit Securities Group LLC increased its holdings in Dominion Energy by 5,500.0% in the 4th quarter. Summit Securities Group LLC now owns 5,600 shares of the utilities provider’s stock worth $302,000 after buying an additional 5,500 shares during the period. Schroder Investment Management Group raised its position in Dominion Energy by 55.0% during the 4th quarter. Schroder Investment Management Group now owns 1,243,438 shares of the utilities provider’s stock worth $66,984,000 after buying an additional 441,402 shares during the last quarter. Allianz SE acquired a new stake in Dominion Energy during the 4th quarter valued at approximately $437,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Dominion Energy in the fourth quarter worth $771,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.9 %

D opened at $54.98 on Friday. The firm has a market capitalization of $46.85 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company’s 50 day simple moving average is $55.17 and its two-hundred day simple moving average is $56.18. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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%. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analysts Set New Price Targets

D has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Scotiabank increased their price target 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, Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Company 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.