Dominion Energy, Inc. (NYSE:D) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in Dominion Energy, Inc. (NYSE:D) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 234,209 shares of the utilities provider’s stock after selling 7,346 shares during the period. Wedge Capital Management L L P NC’s holdings in Dominion Energy were worth $12,614,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Dominion Energy by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after purchasing an additional 89,379 shares during the period. Edgestream Partners L.P. purchased a new position in Dominion Energy in the second quarter valued at approximately $214,000. Mercer Global Advisors Inc. ADV raised its holdings in Dominion Energy by 0.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after buying an additional 500 shares during the period. Intech Investment Management LLC grew its stake in Dominion Energy by 175.0% during the second quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock worth $1,938,000 after buying an additional 25,173 shares during the period. Finally, Brighton Jones LLC increased its position in shares of Dominion Energy by 3.9% in the second quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 259 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D stock opened at $55.34 on Friday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The stock has a market capitalization of $46.49 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. 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 fifty day moving average is $55.54 and its two-hundred day moving average is $55.66.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on D. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Eleven equities research 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, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.