The Manufacturers Life Insurance Company Sells 40,888 Shares of Dominion Energy, Inc. (NYSE:D)

The Manufacturers Life Insurance Company decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396,192 shares of the utilities provider’s stock after selling 40,888 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.17% of Dominion Energy worth $75,199,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. grew its holdings in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after buying an additional 378 shares during the period. BankPlus Trust Department bought a new position in Dominion Energy in the fourth quarter worth approximately $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the fourth quarter worth $27,000. Finally, Fairway Wealth LLC bought a new stake in Dominion Energy during the 4th quarter valued at $27,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

D has been the topic of a number of recent research reports. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley lifted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.00.

Dominion Energy Stock Up 1.0 %

Shares of D stock opened at $54.29 on Wednesday. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The firm has a market capitalization of $46.27 billion, a PE ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s 50-day simple moving average is $54.23 and its 200-day simple moving average is $55.49.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

About Dominion Energy

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.