Wealthfront Advisers LLC Sells 9,369 Shares of Dominion Energy, Inc. (NYSE:D)

Wealthfront Advisers LLC reduced its position in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,301 shares of the utilities provider’s stock after selling 9,369 shares during the period. Wealthfront Advisers LLC’s holdings in Dominion Energy were worth $4,480,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after buying an additional 9,854,975 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Dominion Energy by 50.4% in the 1st quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock worth $1,005,266,000 after purchasing an additional 6,028,220 shares during the period. Norges Bank purchased a new position in Dominion Energy in the fourth quarter valued at approximately $332,276,000. UniSuper Management Pty Ltd bought a new position in shares of Dominion Energy during the 2nd quarter worth $183,757,000. Finally, Point72 Asset Management L.P. increased its holdings in Dominion Energy by 150.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,584,776 shares of the utilities provider’s stock worth $185,656,000 after acquiring an additional 2,154,029 shares during the last quarter. 70.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Guggenheim cut their target price on Dominion Energy from $56.00 to $49.00 in a research note on Monday, October 9th. Wells Fargo & Company cut their price target on shares of Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, October 20th. Finally, Barclays upgraded shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $47.00 in a report on Monday, November 6th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.33.

Check Out Our Latest Analysis on D

Dominion Energy Price Performance

D stock opened at $46.17 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 1.14. The firm has a 50 day moving average price of $47.14 and a 200-day moving average price of $47.24. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $63.68. The firm has a market capitalization of $38.63 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 3.81 and a beta of 0.58.

Dominion Energy (NYSE:DGet Free Report) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Dominion Energy had a net margin of 9.66% and a return on equity of 10.94%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the business earned $1.11 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Equities research analysts forecast that Dominion Energy, Inc. will post 2.55 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, December 1st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend was Thursday, November 30th. Dominion Energy’s payout ratio is 136.23%.

Insider Activity at Dominion Energy

In related news, COO Diane Leopold sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $45.51, for a total value of $284,437.50. Following the completion of the transaction, the chief operating officer now directly owns 88,126 shares in the company, valued at approximately $4,010,614.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Dominion Energy Company Profile

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Further Reading

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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