Burke & Herbert Bank & Trust Co. Has $1.24 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Burke & Herbert Bank & Trust Co. reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,481 shares of the utilities provider’s stock after selling 733 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Dominion Energy were worth $1,241,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BLB&B Advisors LLC increased its holdings in shares of Dominion Energy by 2.5% during the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after buying an additional 173 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 195 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Dominion Energy by 8.6% during the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 198 shares in the last quarter. Altman Advisors Inc. grew its holdings in shares of Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Dominion Energy by 2.8% in the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after buying an additional 199 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.3 %

Shares of NYSE:D traded down $0.19 during midday trading on Friday, reaching $60.58. The company’s stock had a trading volume of 192,506 shares, compared to its average volume of 4,364,106. Dominion Energy, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $61.26. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a 50 day moving average price of $57.41 and a two-hundred day moving average price of $53.57. The firm has a market capitalization of $50.74 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.60 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on D shares. BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. 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 note on Monday, August 12th. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $55.40.

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.