Dominion Energy, Inc. (NYSE:D) Stock Holdings Lessened by Zions Bancorporation N.A.

Zions Bancorporation N.A. lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 98.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 507 shares of the utilities provider’s stock after selling 44,976 shares during the period. Zions Bancorporation N.A.’s holdings in Dominion Energy were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after acquiring an additional 674,859 shares during the period. State Street Corp lifted its position in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Dominion Energy by 4.5% during 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 purchasing an additional 1,222,688 shares during the period. Geode Capital Management LLC grew its position in 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 worth $1,032,941,000 after purchasing an additional 367,193 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after purchasing an additional 1,068,996 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Argus upgraded Dominion Energy to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $57.58.

Dominion Energy Stock Up 1.1 %

D stock opened at $54.45 on Friday. The firm has a market cap of $46.39 billion, a PE ratio of 20.17, a P/E/G 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 company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $55.18 and a 200 day simple moving average of $56.21.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 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%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.