Northwest & Ethical Investments L.P. Sells 56,181 Shares of Dominion Energy, Inc. (NYSE:D)

Northwest & Ethical Investments L.P. lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 22.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 195,264 shares of the utilities provider’s stock after selling 56,181 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Dominion Energy were worth $10,517,000 as of its most recent SEC filing.

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

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $54.95 on Thursday. The stock’s 50-day simple moving average is $55.16 and its 200-day simple moving average is $56.32. Dominion Energy, Inc. has a 52 week low of $46.56 and a 52 week high of $61.97. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.22 and a beta of 0.58. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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%. As a group, analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Finally, Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $57.18.

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.