BI Asset Management Fondsmaeglerselskab A S Decreases Holdings in Dominion Energy, Inc. (NYSE:D)

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 42.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,847 shares of the utilities provider’s stock after selling 22,595 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dominion Energy were worth $1,661,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of 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. Czech National Bank lifted its position in shares of Dominion Energy by 6.6% during the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after acquiring an additional 11,231 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after purchasing an additional 4,861 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Dominion Energy by 12.2% during the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after purchasing an additional 7,632 shares during the period. Finally, Greenwood Capital Associates LLC bought a new position in Dominion Energy in the 4th quarter worth about $1,027,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $52.09 on Tuesday. The stock has a market cap of $44.39 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s 50 day simple moving average is $54.52 and its two-hundred day simple moving average is $55.60. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.13%. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Upgrades and Downgrades

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

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.