Dominion Energy, Inc. (NYSE:D) Stake Lessened by Zions Bancorporation N.A.

Zions Bancorporation N.A. decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 98.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 507 shares of the utilities provider’s stock after selling 44,976 shares during the quarter. Zions Bancorporation N.A.’s holdings in Dominion Energy were worth $27,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC purchased a new stake in shares of Dominion Energy in the third quarter worth approximately $210,000. Great Valley Advisor Group Inc. acquired a new position in Dominion Energy in the 3rd quarter valued at approximately $266,000. Larson Financial Group LLC lifted its position in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Dominion Energy by 9.5% during the 3rd quarter. Bank of Montreal Can now owns 907,946 shares of the utilities provider’s stock valued at $51,898,000 after buying an additional 78,424 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of Dominion Energy by 1.6% during the 3rd quarter. D.A. Davidson & CO. now owns 55,626 shares of the utilities provider’s stock valued at $3,215,000 after acquiring an additional 898 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.1 %

Dominion Energy stock opened at $54.45 on Friday. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. 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 firm has a market capitalization of $46.39 billion, a PE ratio of 20.17, a PEG ratio of 1.22 and a beta of 0.59. The business’s 50-day simple moving average is $55.18 and its 200-day simple moving average is $56.21.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.58.

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.