Pictet Asset Management Holding SA Sells 41,380 Shares of Dominion Energy Inc. $D

Pictet Asset Management Holding SA trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,207,064 shares of the utilities provider’s stock after selling 41,380 shares during the period. Pictet Asset Management Holding SA owned 0.14% of Dominion Energy worth $73,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Dominion Energy in the second quarter worth about $4,986,439,000. State Street Corp raised its holdings in shares of Dominion Energy by 3.5% during the 2nd quarter. State Street Corp now owns 50,917,469 shares of the utilities provider’s stock valued at $3,477,154,000 after buying an additional 1,704,954 shares during the period. Bank of America Corp DE lifted its position in Dominion Energy by 15.7% during the 1st quarter. Bank of America Corp DE now owns 15,930,241 shares of the utilities provider’s stock worth $984,808,000 after acquiring an additional 2,164,951 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Dominion Energy during the 2nd quarter worth approximately $697,388,000. Finally, London Co. of Virginia lifted its position in Dominion Energy by 45.3% during the 1st quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock worth $429,250,000 after acquiring an additional 2,165,195 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on D. Barclays decreased their price target on Dominion Energy from $69.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 19th. UBS Group set a $80.00 target price on shares of Dominion Energy in a research report on Wednesday, August 19th. BMO Capital Markets boosted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Truist Financial decreased their target price on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Finally, Jefferies Financial Group lowered their price target on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating for the company in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.33.

Dominion Energy Trading Down 0.5%

NYSE:D opened at $68.24 on Tuesday. The stock has a market cap of $60.02 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 3.24 and a beta of 0.62. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.64 and a current ratio of 0.88. The business’s 50-day simple moving average is $64.01 and its 200 day simple moving average is $65.02.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The firm had revenue of $5.62 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm earned $1.06 EPS. Dominion Energy’s quarterly revenue was up 24.1% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, December 4th. Dominion Energy’s dividend payout ratio is 88.70%.

About Dominion Energy

Dominion Energy, Inc (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers.

The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.

Dominion traces its roots to 1909 and adopted the Dominion Energy name in 2017.