Dominion Energy, Inc. (NYSE:D) Shares Sold by First County Bank CT

First County Bank CT lowered its stake in Dominion Energy, Inc. (NYSE:D) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,938 shares of the utilities provider’s stock after selling 6,061 shares during the quarter. First County Bank CT’s holdings in Dominion Energy were worth $697,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in Dominion Energy by 4.3% in the second quarter. TD Asset Management Inc now owns 299,390 shares of the utilities provider’s stock valued at $14,670,000 after purchasing an additional 12,286 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Dominion Energy by 9.9% during the second quarter. Private Advisor Group LLC now owns 103,907 shares of the utilities provider’s stock worth $5,091,000 after purchasing an additional 9,324 shares during the period. Savant Capital LLC lifted its holdings in Dominion Energy by 23.0% in the second quarter. Savant Capital LLC now owns 11,803 shares of the utilities provider’s stock worth $578,000 after acquiring an additional 2,207 shares during the last quarter. Chris Bulman Inc acquired a new position in Dominion Energy during the 2nd quarter valued at approximately $77,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Dominion Energy during the second quarter valued at $1,329,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on D shares. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays raised their target price 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. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Performance

NYSE:D traded up $0.53 during midday trading on Tuesday, reaching $54.19. The stock had a trading volume of 2,256,314 shares, compared to its average volume of 3,232,962. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $45.52 billion, a P/E ratio of 19.01, a PEG ratio of 1.44 and a beta of 0.60. The firm’s fifty day simple moving average is $56.20 and its 200-day simple moving average is $55.49.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

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.