USS Investment Management Ltd Reduces Stock Holdings in Dominion Energy, Inc. (NYSE:D)

USS Investment Management Ltd lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 126,611 shares of the utilities provider’s stock after selling 40,464 shares during the quarter. USS Investment Management Ltd’s holdings in Dominion Energy were worth $6,819,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Simon Quick Advisors LLC raised its position in shares of Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 184 shares during the period. Cadence Bank increased its stake in shares of Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock valued at $515,000 after purchasing an additional 189 shares in the last quarter. Choate Investment Advisors raised its holdings in Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares during the period. Eagle Strategies LLC boosted its position in Dominion Energy by 6.0% during the fourth quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 212 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Dominion Energy by 16.9% in the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 217 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. 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 boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. restated an “underweight” rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.75.

Dominion Energy Stock Down 2.5%

NYSE D opened at $56.54 on Thursday. The business has a fifty day moving average price of $54.08 and a 200 day moving average price of $55.04. 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 company has a market cap of $48.21 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) 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.