Dominion Energy Inc. $D Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 16.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 43,850 shares of the utilities provider’s stock after selling 8,606 shares during the quarter. Savant Capital LLC’s holdings in Dominion Energy were worth $2,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Dominion Energy by 6.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after purchasing an additional 12,041 shares during the period. Kera Capital Partners Inc. purchased a new stake in Dominion Energy during the third quarter worth approximately $3,574,000. Vanguard Group Inc. increased its position in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after acquiring an additional 14,715,895 shares in the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in shares of Dominion Energy by 19.0% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after acquiring an additional 16,731 shares during the period. Finally, Virtus Advisers LLC acquired a new position in shares of Dominion Energy during the 2nd quarter valued at $240,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. TD Cowen started coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 target price for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Barclays reduced their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, Morgan Stanley increased their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Price Performance

D stock opened at $62.33 on Friday. The stock’s 50 day moving average is $59.61 and its two-hundred day moving average is $60.16. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $63.43. The company has a market capitalization of $53.23 billion, a PE ratio of 21.20, a P/E/G ratio of 1.69 and a beta of 0.71. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s dividend payout ratio is currently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.