Ancora Advisors LLC Sells 1,063 Shares of Dominion Energy, Inc. (NYSE:D)

Ancora Advisors LLC reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 9.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,454 shares of the utilities provider’s stock after selling 1,063 shares during the quarter. Ancora Advisors LLC’s holdings in Dominion Energy were worth $563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. Barclays PLC increased its stake in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Dominion Energy by 91.9% in the 3rd quarter. World Investment Advisors LLC now owns 13,788 shares of the utilities provider’s stock valued at $797,000 after buying an additional 6,603 shares in the last quarter. Tidal Investments LLC raised its stake in Dominion Energy by 8.2% during the 3rd quarter. Tidal Investments LLC now owns 38,339 shares of the utilities provider’s stock worth $2,216,000 after buying an additional 2,891 shares during the period. Principal Financial Group Inc. lifted its holdings in Dominion Energy by 4.6% during the third quarter. Principal Financial Group Inc. now owns 951,763 shares of the utilities provider’s stock worth $55,002,000 after acquiring an additional 41,746 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on D shares. Morgan Stanley lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.22.

Dominion Energy Stock Down 1.0 %

Shares of D stock opened at $54.45 on Tuesday. The firm’s fifty day moving average price is $54.03 and its two-hundred day moving average price is $55.34. 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, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The firm has a market capitalization of $46.40 billion, a P/E ratio of 20.17, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. Dominion Energy’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

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.