Rockefeller Capital Management L.P. Sells 14,376 Shares of Dominion Energy, Inc. (NYSE:D)

Rockefeller Capital Management L.P. decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,564 shares of the utilities provider’s stock after selling 14,376 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dominion Energy were worth $9,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter worth $32,000. Triad Wealth Partners LLC bought a new position in shares of Dominion Energy in the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy during the second quarter valued at about $35,000. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on D. Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday. They issued an “equal weight” rating and a $61.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.33.

Dominion Energy Price Performance

Shares of NYSE D opened at $56.68 on Wednesday. The firm has a market cap of $47.61 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. The stock has a fifty day simple moving average of $58.18 and a two-hundred day simple moving average of $55.11. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business earned $0.77 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

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.