Zurcher Kantonalbank Zurich Cantonalbank Cuts Position in Dominion Energy, Inc. (NYSE:D)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Dominion Energy, Inc. (NYSE:D) by 38.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,880 shares of the utilities provider’s stock after selling 107,458 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dominion Energy were worth $9,096,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after buying an additional 3,278,175 shares during the period. Point72 Asset Management L.P. increased its position in shares of Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the period. State Street Corp increased its position in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Dominion Energy during the fourth quarter worth $71,409,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.7 %

NYSE D opened at $54.08 on Friday. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The company has a 50-day simple moving average of $55.12 and a 200-day simple moving average of $56.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $46.08 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its 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 net margin of 16.22% and a return on equity of 8.99%. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.94%. Dominion Energy’s payout ratio is currently 98.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on D. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.18.

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.