DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 51,884 Shares of Dominion Energy, Inc. (NYSE:D)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 70.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,091 shares of the utilities provider’s stock after selling 51,884 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Dominion Energy were worth $1,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of D. Kayne Anderson Rudnick Investment Management LLC grew its position in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after buying an additional 378 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the fourth quarter worth $27,000. Finally, Fairway Wealth LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $58.75.

Dominion Energy Stock Up 0.2%

Shares of NYSE D opened at $55.10 on Monday. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The firm’s 50-day simple moving average is $53.94 and its 200 day simple moving average is $55.19. 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 company has a market cap of $46.99 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the business earned $0.55 earnings per share. Dominion Energy’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s dividend payout ratio is 100.00%.

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.