First Bank & Trust Cuts Holdings in Dominion Energy, Inc. (NYSE:D)

First Bank & Trust lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,068 shares of the utilities provider’s stock after selling 3,038 shares during the period. First Bank & Trust’s holdings in Dominion Energy were worth $2,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after acquiring an additional 12,178,713 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. International Assets Investment Management LLC grew its stake in Dominion Energy by 7,438.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Dominion Energy during the 2nd quarter valued at about $67,854,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D traded down $1.19 during trading hours on Friday, reaching $59.58. The company had a trading volume of 3,200,543 shares, compared to its average volume of 4,378,637. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 1-year low of $39.44 and a 1-year high of $61.26. The business’s 50 day moving average price is $57.60 and its 200-day moving average price is $53.70. The firm has a market cap of $49.90 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.60 and a beta of 0.60.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with 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 price target of $55.40.

About Dominion Energy

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.