Shell Asset Management Co. Sells 1,844 Shares of Dominion Energy, Inc. (NYSE:D)

Posted by Defense World Staff on May 5th, 2023

Shell Asset Management Co. reduced its stake in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,783 shares of the utilities provider’s stock after selling 1,844 shares during the quarter. Shell Asset Management Co.’s holdings in Dominion Energy were worth $600,000 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. JNBA Financial Advisors raised its holdings in shares of Dominion Energy by 85.0% in the third quarter. JNBA Financial Advisors now owns 370 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. Retirement Financial Solutions LLC bought a new position in Dominion Energy in the 4th quarter worth approximately $29,000. Boyd Watterson Asset Management LLC OH acquired a new position in Dominion Energy during the 4th quarter worth $34,000. Covestor Ltd increased its stake in shares of Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Dominion Energy during the fourth quarter worth $35,000. 70.30% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $56.57 on Friday. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 0.72 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.60 and a current ratio of 0.73. Dominion Energy, Inc. has a 52 week low of $52.03 and a 52 week high of $86.28. The company has a 50-day simple moving average of $56.06 and a 200 day simple moving average of $59.73.

Dominion Energy (NYSE:D – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The utilities provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Dominion Energy had a return on equity of 13.35% and a net margin of 5.79%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, sell-side analysts predict that Dominion Energy, Inc. will post 3.89 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Friday, March 3rd were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Thursday, March 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 244.95%.

Analyst Ratings Changes

Several equities research analysts have recently commented on D shares. BMO Capital Markets lowered their price target on shares of Dominion Energy from $66.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, February 27th. Morgan Stanley increased their target price on shares of Dominion Energy from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 20th. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $76.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, January 11th. Credit Suisse Group dropped their price objective on Dominion Energy from $67.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 14th. Finally, Guggenheim lowered their price target on Dominion Energy from $69.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $64.18.

About Dominion Energy

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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