Fifth Third Bancorp Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

Fifth Third Bancorp cut its holdings in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,929 shares of the utilities provider’s stock after selling 15,294 shares during the period. Fifth Third Bancorp’s holdings in Dominion Energy were worth $3,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after buying an additional 9,854,975 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Dominion Energy by 50.4% during the first quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock worth $1,005,266,000 after buying an additional 6,028,220 shares during the period. Norges Bank purchased a new stake in shares of Dominion Energy during the fourth quarter worth approximately $332,276,000. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Dominion Energy during the second quarter worth approximately $183,757,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on D shares. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Scotiabank dropped their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. Guggenheim dropped their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Wells Fargo & Company increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Finally, Mizuho dropped their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.90.

View Our Latest Analysis on D

Dominion Energy Price Performance

D stock opened at $48.71 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The business has a 50 day simple moving average of $46.62 and a 200-day simple moving average of $45.85. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.69. The company has a market capitalization of $40.80 billion, a P/E ratio of 20.91, a PEG ratio of 2.01 and a beta of 0.61.

Dominion Energy (NYSE:DGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Dominion Energy’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

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

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