Swiss National Bank Sells 327,900 Shares of Dominion Energy, Inc. (NYSE:D)

Swiss National Bank reduced its holdings in Dominion Energy, Inc. (NYSE:DFree Report) by 10.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,688,820 shares of the utilities provider’s stock after selling 327,900 shares during the quarter. Swiss National Bank’s holdings in Dominion Energy were worth $120,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. lifted its holdings in shares of Dominion Energy by 5.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after acquiring an additional 199,629 shares during the period. CWM LLC lifted its holdings in Dominion Energy by 18.7% during the 3rd quarter. CWM LLC now owns 553,557 shares of the utilities provider’s stock worth $24,727,000 after buying an additional 87,280 shares during the period. Kentucky Retirement Systems acquired a new position in Dominion Energy during the 3rd quarter worth about $2,863,000. Fifth Third Bancorp lifted its holdings in Dominion Energy by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 79,498 shares of the utilities provider’s stock worth $4,117,000 after buying an additional 4,996 shares during the period. Finally, Catalyst Financial Partners LLC lifted its holdings in Dominion Energy by 25.9% during the 2nd quarter. Catalyst Financial Partners LLC now owns 8,942 shares of the utilities provider’s stock worth $463,000 after buying an additional 1,837 shares during the period. 70.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on D. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Guggenheim dropped their target price on shares of Dominion Energy from $56.00 to $49.00 in a report on Monday, October 9th. Scotiabank lowered shares of Dominion Energy from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $56.00 to $46.00 in a report on Monday, October 16th. Wells Fargo & Company dropped their target price on shares of Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.33.

Get Our Latest Report on D

Dominion Energy Stock Down 2.2 %

Dominion Energy stock opened at $45.64 on Monday. The company has a market capitalization of $38.19 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.89 and a beta of 0.60. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average price of $46.94 and a 200-day moving average price of $46.63. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $61.84.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Thursday, February 29th. Dominion Energy’s payout ratio is presently 136.23%.

Insider Buying and Selling

In related news, COO Diane Leopold sold 6,250 shares of the company’s stock in a transaction 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 $4,010,614.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

Dominion Energy 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

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy, Inc. (NYSE:DFree Report).

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

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.