Mutual of America Capital Management LLC lowered its position in Dominion Energy, Inc. (NYSE:D – Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,047 shares of the utilities provider’s stock after selling 3,152 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dominion Energy were worth $5,228,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in Dominion Energy by 93,554.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after acquiring an additional 9,854,975 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Dominion Energy by 50.4% during the first quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock valued at $1,005,266,000 after buying an additional 6,028,220 shares during the period. Norges Bank purchased a new stake in Dominion Energy during the fourth quarter valued at about $332,276,000. UniSuper Management Pty Ltd purchased a new stake in Dominion Energy during the second quarter valued at about $183,757,000. Finally, Point72 Asset Management L.P. boosted its position in Dominion Energy by 150.6% during the second quarter. Point72 Asset Management L.P. now owns 3,584,776 shares of the utilities provider’s stock valued at $185,656,000 after buying an additional 2,154,029 shares during the period. Institutional investors own 70.66% of the company’s stock.
Insider Activity at Dominion Energy
In related news, COO Diane Leopold sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $45.51, for a total value of $284,437.50. Following the sale, the chief operating officer now owns 88,126 shares in the company, valued at $4,010,614.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by insiders.
Dominion Energy Price Performance
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 136.23%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Wells Fargo & Company dropped their target price on shares of Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Barclays upgraded shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $47.00 in a report on Monday, November 6th. Scotiabank downgraded shares of Dominion Energy from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $56.00 to $46.00 in a research note on Monday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $50.33.
Dominion Energy Profile
Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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