Dominion Energy, Inc. (NYSE:D) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Dominion Energy, Inc. (NYSE:D) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,396,192 shares of the utilities provider’s stock after selling 40,888 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dominion Energy were worth $75,199,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cape Investment Advisory Inc. lifted its stake in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 378 shares during the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the 4th quarter valued at $27,000. Finally, Fairway Wealth LLC acquired a new stake in Dominion Energy during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0 %

Shares of NYSE D opened at $54.29 on Wednesday. The stock has a market cap of $46.27 billion, a P/E ratio of 20.11, a PEG ratio of 1.22 and a beta of 0.57. The business’s fifty day simple moving average is $54.23 and its 200-day simple moving average is $55.49. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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, 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%. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on D. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley lifted their price objective 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. reiterated an “underweight” rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $57.00.

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.