Corebridge Financial Inc. Sells 8,991 Shares of Dominion Energy, Inc. (NYSE:D)

Corebridge Financial Inc. cut its position in Dominion Energy, Inc. (NYSE:D) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,061 shares of the utilities provider’s stock after selling 8,991 shares during the quarter. Corebridge Financial Inc.’s holdings in Dominion Energy were worth $10,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Dominion Energy by 63.5% in the third 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 in the last quarter. Barclays PLC raised its holdings in Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Czech National Bank lifted its position in shares of Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after acquiring an additional 11,231 shares during the period. HB Wealth Management LLC grew its holdings in shares of Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after purchasing an additional 4,861 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after purchasing an additional 7,632 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on D shares. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Performance

Shares of D stock opened at $53.84 on Thursday. The business’s 50-day moving average price is $55.19 and its 200-day moving average price is $56.22. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97. 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 (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.96%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is presently 98.89%.

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.