Dominion Energy Inc. $D Stock Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in Dominion Energy Inc. (NYSE:D) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 996,102 shares of the utilities provider’s stock after selling 44,136 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dominion Energy were worth $60,932,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in D. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares during the period. Empowered Funds LLC boosted its holdings in shares of Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after buying an additional 1,344 shares during the period. Woodline Partners LP grew its position in shares of Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after buying an additional 20,522 shares during the last quarter. Intech Investment Management LLC raised its stake in Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after acquiring an additional 12,663 shares during the period. Finally, Ritholtz Wealth Management bought a new position in Dominion Energy in the second quarter worth about $236,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 2.1%

Shares of NYSE:D opened at $66.46 on Tuesday. The company has a 50 day moving average of $60.23 and a 200-day moving average of $60.44. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The firm has a market cap of $56.76 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.80 and a beta of 0.71. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $66.79.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on D shares. Wells Fargo & Company cut their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. BTIG Research started coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating for the company. Morgan Stanley increased their price objective on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. BMO Capital Markets cut their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Finally, Barclays reduced their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $64.33.

About Dominion Energy

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.