JPMorgan Chase & Co. Decreases Holdings in Dominion Energy Inc. $D

JPMorgan Chase & Co. decreased its position in Dominion Energy Inc. (NYSE:D) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,662,315 shares of the utilities provider’s stock after selling 1,830,620 shares during the quarter. JPMorgan Chase & Co. owned 3.24% of Dominion Energy worth $1,692,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of D. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at $25,000. Westside Investment Management Inc. raised its position in Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 259 shares during the period. United Community Bank bought a new stake in Dominion Energy in the third quarter worth $29,000. Hanson & Doremus Investment Management purchased a new stake in Dominion Energy during the third quarter valued at about $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Dominion Energy during the second quarter valued at about $32,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $66.46 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $66.79. The firm has a market cap of $56.76 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.80 and a beta of 0.71. The business’s 50 day moving average price is $60.23 and its 200-day moving average price is $60.44.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.67 annualized dividend and a yield of 4.0%. Dominion Energy’s dividend payout ratio is 90.82%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Barclays decreased their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. TD Cowen began coverage on Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 price objective for the company. BMO Capital Markets decreased their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Wells Fargo & Company lowered their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.33.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.