Rockefeller Capital Management L.P. Sells 6,870 Shares of Dominion Energy, Inc. (NYSE:D)

Rockefeller Capital Management L.P. decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,694 shares of the utilities provider’s stock after selling 6,870 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dominion Energy were worth $8,543,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in D. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC bought a new position in Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $53.05 on Thursday. The company has a market capitalization of $45.21 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company’s 50-day moving average is $54.70 and its 200 day moving average is $55.75. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.03%. Dominion Energy’s payout ratio is 98.89%.

Analysts Set New Price Targets

D has been the subject of several research reports. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley increased their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Company 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.