Northwest & Ethical Investments L.P. Sells 56,181 Shares of Dominion Energy, Inc. (NYSE:D)

Northwest & Ethical Investments L.P. cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,264 shares of the utilities provider’s stock after selling 56,181 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Dominion Energy were worth $10,517,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the last quarter. Barclays PLC grew its position in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares during the last quarter. Czech National Bank grew its position in Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after acquiring an additional 11,231 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after acquiring an additional 4,861 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $57.18.

Dominion Energy Trading Up 0.3 %

NYSE D opened at $54.95 on Thursday. The stock has a market cap of $46.82 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a 50 day simple moving average of $55.16 and a two-hundred day simple moving average of $56.32. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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 forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is presently 98.89%.

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.