American International Group Inc. Sells 1,809 Shares of Dominion Energy, Inc. (NYSE:D)

American International Group Inc. trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 212,549 shares of the utilities provider’s stock after selling 1,809 shares during the quarter. American International Group Inc.’s holdings in Dominion Energy were worth $9,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Criterion Capital Advisors LLC purchased a new position in Dominion Energy during the fourth quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth about $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares in the last quarter. Operose Advisors LLC boosted its holdings in shares of Dominion Energy by 60.3% in the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 311 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Dominion Energy by 20,100.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 804 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.0 %

Shares of NYSE:D opened at $49.43 on Wednesday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The firm has a market capitalization of $41.40 billion, a P/E ratio of 25.48, a P/E/G ratio of 1.35 and a beta of 0.60. The stock has a 50 day moving average price of $51.49 and a 200-day moving average price of $48.62. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on D shares. Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. BMO Capital Markets increased their target price on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, May 6th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Scotiabank dropped their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Evercore ISI increased their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $51.73.

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.