LPL Financial LLC Sells 276,732 Shares of Dominion Energy, Inc. (NYSE:D)

LPL Financial LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791,292 shares of the utilities provider’s stock after selling 276,732 shares during the quarter. LPL Financial LLC owned about 0.09% of Dominion Energy worth $42,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after buying an additional 1,365,555 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dominion Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock valued at $1,032,941,000 after acquiring an additional 367,193 shares during the period. Bank of New York Mellon Corp boosted its stake in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after acquiring an additional 1,068,996 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock valued at $496,358,000 after purchasing an additional 398,012 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several analyst reports. Scotiabank increased 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. Morgan Stanley lifted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Stock Performance

Shares of D opened at $54.98 on Friday. The stock has a market capitalization of $46.85 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97. The firm has a fifty day simple moving average of $55.17 and a 200 day simple moving average of $56.19. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.