Bokf Na Sells 1,978 Shares of Dominion Energy, Inc. (NYSE:D)

Bokf Na trimmed its position in Dominion Energy, Inc. (NYSE:D – Free Report) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,880 shares of the utilities provider’s stock after selling 1,978 shares during the period. Bokf Na’s holdings in Dominion Energy were worth $634,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in D. Vanguard Group Inc. increased its position in shares of Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after acquiring an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after purchasing an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 4.5% in 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock valued at $997,034,000 after purchasing an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Dominion Energy by 7.7% during the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after buying an additional 1,068,996 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $55.10 on Friday. The firm has a market cap of $46.99 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The stock has a fifty day simple moving average of $53.94 and a two-hundred day simple moving average of $55.27. 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.

Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on D shares. JPMorgan Chase & Co. reissued 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. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Morgan Stanley lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $58.22.

Check Out Our Latest Report on Dominion Energy

About Dominion Energy

(Free Report)

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.

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