Atlantic Union Bankshares Corp Has $1.38 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Atlantic Union Bankshares Corp increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,556 shares of the utilities provider’s stock after buying an additional 1,079 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Dominion Energy were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in D. Cape Investment Advisory Inc. lifted its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department bought a new position in Dominion Energy during the fourth quarter worth about $26,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the third quarter worth about $28,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter worth about $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter worth about $32,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $55.21 on Friday. 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 firm has a market cap of $47.04 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.22 and a beta of 0.59. The firm has a 50 day simple moving average of $55.05 and a 200 day simple moving average of $56.40. 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 issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $57.00.

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.