CANADA LIFE ASSURANCE Co Sells 9,948 Shares of Dominion Energy, Inc. (NYSE:D)

CANADA LIFE ASSURANCE Co reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 416,660 shares of the utilities provider’s stock after selling 9,948 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Dominion Energy were worth $22,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 184 shares during the period. Choate Investment Advisors boosted its holdings in Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares during the last quarter. Passumpsic Savings Bank grew its position in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares during the period. Covestor Ltd raised its stake in Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock valued at $81,000 after buying an additional 217 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its holdings in shares of Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after buying an additional 219 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.0 %

Shares of D opened at $53.07 on Friday. The business’s 50 day moving average is $54.60 and its 200 day moving average is $55.66. 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 12-month low of $47.99 and a 12-month high of $61.97. The company has a market capitalization of $45.22 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.03%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on D shares. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.00.

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.