Prudential Financial Inc. Has $26.64 Million Stake in Dominion Energy, Inc. (NYSE:D)

Prudential Financial Inc. cut its position in Dominion Energy, Inc. (NYSE:D) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 494,645 shares of the utilities provider’s stock after selling 29,656 shares during the quarter. Prudential Financial Inc.’s holdings in Dominion Energy were worth $26,642,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC lifted its stake in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Barclays PLC lifted its position in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after buying an additional 404,868 shares during the last quarter. Czech National Bank boosted its stake in Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after buying an additional 11,231 shares in the last quarter. HB Wealth Management LLC grew its position in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after acquiring an additional 4,861 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings 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 acquiring an additional 7,632 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped 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, March 11th. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Price Performance

Shares of D opened at $53.84 on Thursday. The business has a 50-day moving average of $55.19 and a 200-day moving average of $56.22. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.96%. Dominion Energy’s dividend payout ratio (DPR) is currently 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.