Standard Life Aberdeen plc Trims Stake in Dominion Energy Inc (NYSE:D)

Standard Life Aberdeen plc cut its holdings in Dominion Energy Inc (NYSE:D) by 4.6% during the 4th quarter, Holdings Channel reports. The fund owned 520,047 shares of the utilities provider’s stock after selling 24,993 shares during the period. Standard Life Aberdeen plc’s holdings in Dominion Energy were worth $43,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Checchi Capital Advisers LLC raised its stake in Dominion Energy by 13.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,701 shares of the utilities provider’s stock valued at $638,000 after purchasing an additional 901 shares during the period. Blue Sky Asset Management LLC purchased a new position in Dominion Energy during the fourth quarter valued at $233,000. Altavista Wealth Management Inc. grew its stake in Dominion Energy by 22.6% during the fourth quarter. Altavista Wealth Management Inc. now owns 5,613 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 1,036 shares in the last quarter. Soros Fund Management LLC bought a new stake in Dominion Energy in the 3rd quarter valued at $12,156,000. Finally, Prestige Wealth Management Group LLC increased its holdings in Dominion Energy by 313.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 66.92% of the company’s stock.

D has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Dominion Energy in a report on Wednesday, February 19th. They set a “market perform” rating and a $91.00 price objective for the company. Credit Suisse Group boosted their target price on Dominion Energy from $85.00 to $90.00 and gave the stock an “average” rating in a research report on Tuesday, February 18th. Cfra increased their price target on Dominion Energy from $88.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Argus raised their price target on Dominion Energy from $83.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Dominion Energy in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and an average target price of $85.54.

D stock traded up $5.10 during mid-day trading on Thursday, reaching $72.44. 4,741,308 shares of the stock traded hands, compared to its average volume of 4,070,992. Dominion Energy Inc has a one year low of $57.79 and a one year high of $90.89. The stock has a market capitalization of $55.03 billion, a PE ratio of 43.12, a PEG ratio of 3.20 and a beta of 0.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.44 and a current ratio of 0.61. The business has a 50-day moving average price of $81.93 and a two-hundred day moving average price of $81.80.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Dominion Energy had a net margin of 8.74% and a return on equity of 12.05%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. On average, equities analysts expect that Dominion Energy Inc will post 4.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.94 dividend. The ex-dividend date was Thursday, February 27th. This represents a $3.76 annualized dividend and a yield of 5.19%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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