Palisade Asset Management LLC decreased its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 85.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,805 shares of the utilities provider’s stock after selling 22,353 shares during the quarter. Palisade Asset Management LLC’s holdings in Dominion Energy were worth $223,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd grew its position in Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after purchasing an additional 491,574 shares in the last quarter. Vanguard Group Inc. grew its position in Dominion Energy by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after purchasing an additional 363,610 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after purchasing an additional 1,733,143 shares in the last quarter. Citigroup Inc. grew its position in Dominion Energy by 36.7% during the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock worth $148,173,000 after purchasing an additional 649,989 shares in the last quarter. Finally, Assetmark Inc. grew its position in Dominion Energy by 43.9% during the 3rd quarter. Assetmark Inc. now owns 59,015 shares of the utilities provider’s stock worth $3,610,000 after purchasing an additional 17,990 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Trading Up 0.4%
Dominion Energy stock opened at $68.19 on Tuesday. The company’s fifty day simple moving average is $64.48 and its 200-day simple moving average is $62.32. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 12 month low of $53.36 and a 12 month high of $68.97. The stock has a market cap of $59.97 billion, a P/E ratio of 20.17 and a beta of 0.65.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, May 29th. Dominion Energy’s payout ratio is currently 78.99%.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Morgan Stanley lowered their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Scotiabank lifted their price objective on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Seaport Research Partners cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $67.69.
Check Out Our Latest Report on D
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.
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