Private Advisor Group LLC reduced its position in shares of Dominion Energy Inc (NYSE:D) by 26.5% during the 4th quarter, HoldingsChannel reports. The fund owned 40,474 shares of the utilities provider’s stock after selling 14,624 shares during the period. Private Advisor Group LLC’s holdings in Dominion Energy were worth $3,045,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Dominion Energy by 1,955.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock worth $128,159,000 after purchasing an additional 1,591,057 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Dominion Energy by 24.1% during the 3rd quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after purchasing an additional 684,637 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Dominion Energy by 93.4% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,004,263 shares of the utilities provider’s stock worth $81,406,000 after purchasing an additional 485,000 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Dominion Energy by 170.0% during the 2nd quarter. Bank of Nova Scotia now owns 431,190 shares of the utilities provider’s stock worth $33,042,000 after purchasing an additional 271,516 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Dominion Energy by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after purchasing an additional 253,699 shares during the last quarter. 64.57% of the stock is currently owned by institutional investors and hedge funds.

D has been the subject of several research analyst reports. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, January 30th. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target for the company in a research report on Thursday, December 14th. UBS Group initiated coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $82.09.

Shares of Dominion Energy Inc (D) opened at $74.34 on Thursday. The company has a market cap of $48,387.96, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.20. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. Dominion Energy Inc has a 1-year low of $71.96 and a 1-year high of $85.30.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. Dominion Energy’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. equities research analysts expect that Dominion Energy Inc will post 4.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be issued a $0.835 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.34 dividend on an annualized basis and a yield of 4.49%. Dominion Energy’s dividend payout ratio is presently 62.73%.

In other news, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the completion of the sale, the director now owns 13,282 shares in the company, valued at approximately $1,070,529.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by corporate insiders.

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Dominion Energy Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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