Deutsche Bank AG Trims Stake in Dominion Energy, Inc. (NYSE:D)

Deutsche Bank AG trimmed its position in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 12.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,937,568 shares of the utilities provider’s stock after selling 709,139 shares during the quarter. Deutsche Bank AG’s holdings in Dominion Energy were worth $220,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Sei Investments Co. raised its holdings in Dominion Energy by 7.7% in the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares during the period. Prudential PLC bought a new position in Dominion Energy in the 1st quarter worth $1,528,000. Sequoia Financial Advisors LLC increased its stake in Dominion Energy by 30.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after buying an additional 1,661 shares in the last quarter. Covestor Ltd increased its stake in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Dominion Energy in the 1st quarter worth $419,000. 70.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on D shares. Scotiabank lowered Dominion Energy from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $56.00 to $46.00 in a research report on Monday, October 16th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. Wells Fargo & Company cut their price objective on Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. Barclays upgraded Dominion Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $47.00 in a research report on Monday, November 6th. Finally, StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.33.

Check Out Our Latest Analysis on Dominion Energy

Insiders Place Their Bets

In other Dominion Energy news, COO Diane Leopold sold 6,250 shares of Dominion Energy stock in a transaction on Friday, December 1st. The shares were sold at an average price of $45.51, for a total value of $284,437.50. Following the transaction, the chief operating officer now directly owns 88,126 shares of the company’s stock, valued at $4,010,614.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $44.70 on Monday. The company has a market capitalization of $37.40 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.85 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $59.77. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $46.75 and a 200 day moving average of $46.30.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend is Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 136.23%.

Dominion Energy Profile

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 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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