Dominion Energy, Inc. (NYSE:D) Shares Sold by First National Trust Co

First National Trust Co lowered its position in Dominion Energy, Inc. (NYSE:D) by 7.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,342 shares of the utilities provider’s stock after selling 1,309 shares during the period. First National Trust Co’s holdings in Dominion Energy were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC grew its stake in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after buying an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares during the period. Passumpsic Savings Bank boosted its position in Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares during the period. Meridian Financial Partners LLC boosted its position in Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 219 shares during the period. Finally, Register Financial Advisors LLC boosted its position in Dominion Energy by 5.8% during the 4th quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 237 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on D. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Trading Up 1.0 %

Shares of Dominion Energy stock opened at $54.64 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The business has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $56.35. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.