Dominion Energy, Inc. (NYSE:D) Shares Sold by Barclays PLC

Barclays PLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 25.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,829,175 shares of the utilities provider’s stock after selling 623,526 shares during the quarter. Barclays PLC’s holdings in Dominion Energy were worth $98,519,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of D. Norges Bank purchased a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $473,354,000. American Century Companies Inc. lifted its holdings in Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the period. Raymond James Financial Inc. acquired a new stake in Dominion Energy during the fourth quarter worth $71,409,000. Finally, JPMorgan Chase & Co. raised its position in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on D. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $57.00.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $53.65 on Wednesday. The business has a 50-day simple moving average of $54.73 and a 200-day simple moving average of $55.77. The company has a market cap of $45.72 billion, a PE ratio of 19.87, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a one year low of $46.62 and a one year 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.

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 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%. On average, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.