Wesbanco Bank Inc. Decreases Stock Position in Dominion Energy, Inc. (NYSE:D)

Wesbanco Bank Inc. trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,925 shares of the utilities provider’s stock after selling 2,236 shares during the quarter. Wesbanco Bank Inc.’s holdings in Dominion Energy were worth $6,642,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of D. Family Firm Inc. purchased a new position in Dominion Energy in the second quarter valued at $27,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $30,000. LRI Investments LLC purchased a new position in shares of Dominion Energy in the 1st quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on D. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Finally, Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Performance

Shares of D stock opened at $56.93 on Tuesday. The stock’s 50-day moving average price is $56.70 and its 200 day moving average price is $53.06. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $47.68 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.69%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Dominion Energy Company Profile

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.