Dominion Energy, Inc. (NYSE:D) Position Reduced by Ieq Capital LLC

Ieq Capital LLC reduced its position in Dominion Energy, Inc. (NYSE:D) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,108 shares of the utilities provider’s stock after selling 2,524 shares during the period. Ieq Capital LLC’s holdings in Dominion Energy were worth $2,537,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC lifted its position in shares of 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 purchasing an additional 3,278,175 shares in the last quarter. Point72 Asset Management L.P. grew its position in 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 valued at $130,074,000 after purchasing an additional 2,229,220 shares in the last quarter. International Assets Investment Management LLC increased its stake in Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after buying an additional 1,463,858 shares during the period. State Street Corp lifted its position in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.9 %

Shares of Dominion Energy stock opened at $57.38 on Friday. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The stock has a market capitalization of $48.20 billion, a P/E ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average price of $54.58 and a two-hundred day moving average price of $56.36.

Dominion Energy (NYSE:D) last posted its earnings results 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 net margin of 16.22% and a return on equity of 8.99%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s dividend payout ratio is presently 98.89%.

Analyst Ratings Changes

Several analysts recently issued reports on D shares. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price 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.