Cohen & Steers Inc. Cuts Holdings in Dominion Energy Inc. (D)

Cohen & Steers Inc. lowered its stake in Dominion Energy Inc. (NYSE:D) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,625 shares of the utilities provider’s stock after selling 659 shares during the quarter. Cohen & Steers Inc.’s holdings in Dominion Energy were worth $3,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Janus Henderson Group PLC lifted its stake in Dominion Energy by 1,955.1% in the second quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock valued at $128,159,000 after buying an additional 1,591,057 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after purchasing an additional 1,209,768 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after purchasing an additional 1,194,152 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Dominion Energy by 31.7% in the second quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock worth $322,696,000 after purchasing an additional 1,014,670 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in shares of Dominion Energy by 24.1% in the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after purchasing an additional 684,637 shares in the last quarter. 64.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on D shares. J P Morgan Chase & Co boosted their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, October 3rd. Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America started coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price objective on the stock. Fourteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $80.70.

In related news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by insiders.

Shares of Dominion Energy Inc. (NYSE:D) traded down $0.71 on Wednesday, reaching $83.43. 2,409,700 shares of the company were exchanged, compared to its average volume of 2,316,926. The firm has a market capitalization of $54,146.60, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 4.14 and a beta of 0.29. Dominion Energy Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $84.83. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.

Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. analysts predict that Dominion Energy Inc. will post 3.6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is presently 90.86%.

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About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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