Tranquility Partners LLC Sells 2,262 Shares of Dominion Energy, Inc. (NYSE:D)

Tranquility Partners LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 36.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,024 shares of the utilities provider’s stock after selling 2,262 shares during the quarter. Tranquility Partners LLC’s holdings in Dominion Energy were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in D. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. Point72 Asset Management L.P. lifted its position in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after buying an additional 2,229,220 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Dominion Energy by 7,438.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after buying an additional 1,463,858 shares in the last quarter. State Street Corp grew its position in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on D. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Up 1.4 %

Dominion Energy stock opened at $56.69 on Friday. The firm has a market cap of $47.62 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.18 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $44.16 and a 12 month high of $61.97. The stock has a fifty day simple moving average of $54.44 and a two-hundred day simple moving average of $56.27.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Equities analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.