First Bank & Trust Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

First Bank & Trust lessened its stake in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 35.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 24,408 shares of the utilities provider’s stock after selling 13,501 shares during the quarter. First Bank & Trust’s holdings in Dominion Energy were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Tucker Asset Management LLC purchased a new stake in shares of Dominion Energy during the first quarter worth approximately $25,000. Pacific Center for Financial Services purchased a new stake in shares of Dominion Energy during the first quarter worth approximately $28,000. AXS Investments LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth approximately $30,000. Core Alternative Capital raised its stake in shares of Dominion Energy by 63.0% during the first quarter. Core Alternative Capital now owns 533 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. Finally, Carderock Capital Management Inc. purchased a new position in Dominion Energy in the first quarter worth $34,000. Hedge funds and other institutional investors own 70.66% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock traded up $0.17 during trading hours on Monday, hitting $48.64. The stock had a trading volume of 1,259,277 shares, compared to its average volume of 4,348,716. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.44. The stock has a market capitalization of $40.70 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 3.72 and a beta of 0.46. Dominion Energy, Inc. has a 1-year low of $45.76 and a 1-year high of $81.31. The stock’s fifty day moving average is $49.95 and its two-hundred day moving average is $52.80.

Dominion Energy (NYSE:DGet Free Report) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. Dominion Energy had a return on equity of 11.94% and a net margin of 12.71%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. As a group, analysts predict that Dominion Energy, Inc. will post 3.26 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, August 31st. Dominion Energy’s payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on D. Royal Bank of Canada cut their price objective on Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 13th. Scotiabank cut their price objective on Dominion Energy from $68.00 to $60.00 and set a “sector outperform” rating for the company in a research report on Monday, September 11th. 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. Guggenheim cut their price objective on Dominion Energy from $63.00 to $60.00 in a research report on Friday, July 7th. Finally, JPMorgan Chase & Co. cut their price objective on Dominion Energy from $57.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.15.

Read Our Latest Analysis on Dominion Energy

About Dominion Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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