Dominion Energy, Inc. (NYSE:D) Shares Sold by Dodge & Cox

Dodge & Cox reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,623,133 shares of the utilities provider’s stock after selling 64,740 shares during the period. Dodge & Cox owned about 2.69% of Dominion Energy worth $1,218,482,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC bought a new stake in shares of Dominion Energy in the 3rd quarter worth about $210,000. Barclays PLC grew its stake in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares in the last quarter. M&T Bank Corp raised its stake in Dominion Energy by 1.5% during the third quarter. M&T Bank Corp now owns 152,056 shares of the utilities provider’s stock valued at $8,787,000 after buying an additional 2,268 shares in the last quarter. Passumpsic Savings Bank lifted its holdings in Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after buying an additional 199 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Dominion Energy in the 3rd quarter worth approximately $734,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

D opened at $54.10 on Tuesday. The business has a 50 day moving average price of $54.74 and a two-hundred day moving average price of $55.78. The company has a market capitalization of $46.10 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 net margin of 16.22% and a return on equity of 8.99%. Research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on D. Morgan Stanley raised their price objective 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Finally, UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $57.00.

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.