Burke & Herbert Bank & Trust Co. decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,947 shares of the utilities provider’s stock after selling 1,098 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Dominion Energy were worth $981,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Two Sigma Investments LP acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $39,943,000. AGF Management Ltd. grew its position in Dominion Energy by 6.7% in the first quarter. AGF Management Ltd. now owns 60,959 shares of the utilities provider’s stock worth $3,408,000 after buying an additional 3,846 shares during the last quarter. Investment Management of Virginia LLC increased its holdings in shares of Dominion Energy by 18.9% in the first quarter. Investment Management of Virginia LLC now owns 9,882 shares of the utilities provider’s stock valued at $553,000 after buying an additional 1,573 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of Dominion Energy by 13.8% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 37,991 shares of the utilities provider’s stock valued at $1,968,000 after acquiring an additional 4,619 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Dominion Energy by 4.6% during the first quarter. Foundations Investment Advisors LLC now owns 16,288 shares of the utilities provider’s stock worth $911,000 after purchasing an additional 723 shares during the period. 70.66% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Dominion Energy from $61.00 to $55.00 in a research report on Monday, July 3rd. BMO Capital Markets cut their price objective on Dominion Energy from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Barclays began coverage on Dominion Energy in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $52.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Dominion Energy from $57.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, September 8th. Finally, 51job restated a “maintains” rating on shares of Dominion Energy in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.15.
Dominion Energy Stock Up 0.6 %
D traded up $0.29 during trading on Monday, reaching $48.76. 1,441,725 shares of the stock were exchanged, compared to its average volume of 4,349,917. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.44 and a current ratio of 0.57. The stock’s 50 day moving average price is $49.95 and its two-hundred day moving average price is $52.80. Dominion Energy, Inc. has a twelve month low of $45.76 and a twelve month high of $81.31. The stock has a market cap of $40.80 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46.
Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. Dominion Energy had a return on equity of 11.94% and a net margin of 12.71%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Dominion Energy, Inc. will post 3.26 EPS for the current year.
Dominion Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a $0.6675 dividend. The ex-dividend date is Thursday, August 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.48%. Dominion Energy’s payout ratio is 98.89%.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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