Sei Investments Co. Has $27.65 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Sei Investments Co. decreased its position in Dominion Energy, Inc. (NYSE:D) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 513,391 shares of the utilities provider’s stock after selling 7,038 shares during the period. Sei Investments Co. owned about 0.06% of Dominion Energy worth $27,652,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of D. American Century Companies Inc. raised its stake in shares of Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after purchasing an additional 2,540,713 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Dominion Energy by 46.3% in the 4th quarter. Mizuho Securities USA LLC now owns 79,614 shares of the utilities provider’s stock valued at $4,288,000 after buying an additional 25,213 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $752,000. Sciencast Management LP acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $664,000. Finally, Millstone Evans Group LLC bought a new stake in Dominion Energy in the fourth quarter valued at about $62,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 2.7 %

Shares of NYSE:D opened at $52.86 on Wednesday. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97. The firm has a market cap of $45.04 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $55.19 and its two-hundred day moving average price is $56.24.

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

Dominion Energy Announces Dividend

The company also recently declared 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 5.05%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Morgan Stanley raised 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 note on Thursday, March 20th. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $57.58.

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.