Dominion Energy, Inc. (NYSE:D) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,244,966 shares of the utilities provider’s stock after selling 16,204 shares during the quarter. Jennison Associates LLC’s holdings in Dominion Energy were worth $67,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Roble Belko & Company Inc acquired a new position in Dominion Energy during the 4th quarter worth $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the third quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the third quarter worth about $32,000. Dunhill Financial LLC grew its position in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 1.3 %

Shares of NYSE:D opened at $56.31 on Tuesday. The firm has a 50 day simple moving average of $54.96 and a 200 day simple moving average of $56.12. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. 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 company has a market cap of $47.30 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.74%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. 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 report on Thursday, December 12th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Company 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.