Ontario Teachers Pension Plan Board Sells 39,085 Shares of Dominion Energy, Inc. (NYSE:D)

Ontario Teachers Pension Plan Board decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 82.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,461 shares of the utilities provider’s stock after selling 39,085 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Dominion Energy were worth $456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $1,039,000. Canada Post Corp Registered Pension Plan bought a new stake in Dominion Energy during the fourth quarter valued at about $672,000. Mariner LLC boosted its stake in shares of Dominion Energy by 3.3% in the fourth quarter. Mariner LLC now owns 139,044 shares of the utilities provider’s stock worth $7,489,000 after acquiring an additional 4,499 shares during the period. Garner Asset Management Corp grew its position in shares of Dominion Energy by 33.1% during the fourth quarter. Garner Asset Management Corp now owns 24,562 shares of the utilities provider’s stock worth $1,323,000 after purchasing an additional 6,108 shares in the last quarter. Finally, SageView Advisory Group LLC raised its stake in Dominion Energy by 47.8% during the 4th quarter. SageView Advisory Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,280,000 after purchasing an additional 7,686 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $53.07 on Friday. The stock has a 50 day moving average price of $54.65 and a 200-day moving average price of $55.71. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The stock has a market cap of $45.22 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Ratings Changes

A number of brokerages have issued reports on D. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have given 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 $57.00.

Dominion Energy Company Profile

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.