Dominion Energy, Inc. (NYSE:D) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 305,330 shares of the utilities provider’s stock after selling 5,877 shares during the period. Corient Private Wealth LLC’s holdings in Dominion Energy were worth $16,445,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of D. CBIZ Investment Advisory Services LLC grew its stake in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the last quarter. one8zero8 LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $741,000. Choate Investment Advisors grew its stake in shares of Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Dominion Energy by 14.7% in the 4th quarter. Natixis Advisors LLC now owns 1,157,389 shares of the utilities provider’s stock worth $62,337,000 after purchasing an additional 148,102 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Dominion Energy by 3.6% in the 4th quarter. Frank Rimerman Advisors LLC now owns 17,289 shares of the utilities provider’s stock worth $931,000 after purchasing an additional 601 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Price Performance

NYSE D opened at $54.95 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.82 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a 50 day moving average price of $55.16 and a two-hundred day moving average price of $56.32. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last posted its 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, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Dominion Energy 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.