Motco Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Motco trimmed its position in Dominion Energy, Inc. (NYSE:D – Get Rating) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,895 shares of the utilities provider’s stock after selling 2,027 shares during the quarter. Motco’s holdings in Dominion Energy were worth $4,531,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board lifted its stake in shares of Dominion Energy by 486.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 10,364,622 shares of the utilities provider’s stock worth $716,299,000 after purchasing an additional 8,596,097 shares during the last quarter. BlackRock Inc. raised its stake in Dominion Energy by 5.5% in the third quarter. BlackRock Inc. now owns 58,954,665 shares of the utilities provider’s stock valued at $4,074,356,000 after buying an additional 3,051,912 shares during the last quarter. Vanguard Group Inc. raised its stake in Dominion Energy by 3.9% in the third quarter. Vanguard Group Inc. now owns 73,953,046 shares of the utilities provider’s stock valued at $5,110,895,000 after buying an additional 2,767,626 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Dominion Energy by 9.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 30,771,075 shares of the utilities provider’s stock valued at $2,126,590,000 after buying an additional 2,763,501 shares during the last quarter. Finally, State Street Corp raised its stake in Dominion Energy by 3.9% in the third quarter. State Street Corp now owns 49,478,314 shares of the utilities provider’s stock valued at $3,419,446,000 after buying an additional 1,853,875 shares during the last quarter. 70.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on D. Credit Suisse Group decreased their price target on Dominion Energy from $67.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, February 14th. Bank of America cut their price objective on Dominion Energy from $54.00 to $52.00 in a report on Tuesday, May 16th. BMO Capital Markets cut their price objective on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, February 27th. Wells Fargo & Company increased their price objective on Dominion Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.55.

Dominion Energy Price Performance

D stock traded down $0.50 during mid-day trading on Friday, reaching $49.93. 823,401 shares of the company’s stock were exchanged, compared to its average volume of 4,389,017. The company has a market cap of $41.74 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 0.68 and a beta of 0.43. The stock’s 50 day moving average is $55.66 and its 200 day moving average is $58.33. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.75 and a quick ratio of 0.62. Dominion Energy, Inc. has a 12-month low of $49.72 and a 12-month high of $86.28.

Dominion Energy (NYSE:D – Get Rating) last issued its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 7.05%. Dominion Energy’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. On average, research analysts expect that Dominion Energy, Inc. will post 3.8 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, June 2nd will be given a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $2.67 annualized dividend and a dividend yield of 5.35%. Dominion Energy’s dividend payout ratio (DPR) is presently 186.71%.

Dominion Energy Company Profile

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.