Dominion Energy, Inc. (NYSE:D) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,225 shares of the utilities provider’s stock after selling 454 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Dominion Energy were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 198 shares during the period. Altman Advisors Inc. boosted its holdings in Dominion Energy by 0.7% in 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 period. Centennial Wealth Advisory LLC raised its holdings in shares of Dominion Energy by 2.8% during the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 199 shares during the period. Finally, Ridgewood Investments LLC raised its holdings in shares of Dominion Energy by 0.9% during the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 210 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on D shares. BMO Capital Markets boosted their price objective 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. JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.11.

Dominion Energy Stock Down 0.3 %

Shares of Dominion Energy stock opened at $58.37 on Wednesday. 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 $39.18 and a 1-year high of $58.94. The business’s fifty day moving average price is $54.84 and its two-hundred day moving average price is $51.79. The company has a market capitalization of $48.89 billion, a P/E ratio of 30.09, a PEG ratio of 1.53 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Dominion Energy 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.