Dominion Energy, Inc. (NYSE:D) Shares Sold by First United Bank & Trust

First United Bank & Trust trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,198 shares of the utilities provider’s stock after selling 979 shares during the period. First United Bank & Trust’s holdings in Dominion Energy were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Dominion Energy by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after acquiring an additional 89,379 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Dominion Energy during the second quarter worth about $214,000. Mercer Global Advisors Inc. ADV lifted its holdings in Dominion Energy by 0.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock worth $2,898,000 after acquiring an additional 500 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Dominion Energy by 175.0% in the second quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock worth $1,938,000 after acquiring an additional 25,173 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in Dominion Energy by 3.9% in the second quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 259 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.5 %

NYSE:D opened at $55.34 on Tuesday. The stock’s 50-day moving average is $55.49 and its two-hundred day moving average is $55.81. 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 cap of $46.49 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on D. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.