Brown Brothers Harriman & Co. Decreases Position in Dominion Energy, Inc. (NYSE:D)

Brown Brothers Harriman & Co. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,429 shares of the utilities provider’s stock after selling 5,710 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Dominion Energy were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its holdings in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Barclays PLC grew its stake in shares of Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Czech National Bank raised its stake in Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after buying an additional 11,231 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after buying an additional 4,861 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Dominion Energy by 12.2% during the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after acquiring an additional 7,632 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D stock opened at $54.98 on Monday. The stock’s 50-day moving average price is $55.17 and its 200 day moving average price is $56.18. 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 $46.85 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last released 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 return on equity of 8.99% and a net margin of 16.22%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Scotiabank upped their target price 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. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.58.

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.