Wesbanco Bank Inc. Cuts Position in Dominion Energy, Inc. (NYSE:D)

Wesbanco Bank Inc. cut its stake in Dominion Energy, Inc. (NYSE:D) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,330 shares of the utilities provider’s stock after selling 2,595 shares during the quarter. Wesbanco Bank Inc.’s holdings in Dominion Energy were worth $6,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter worth $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy during the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the 3rd quarter worth $32,000. Dunhill Financial LLC grew its stake in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $52.93 on Thursday. The stock has a market cap of $44.46 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. The business has a 50-day simple moving average of $55.41 and a 200-day simple moving average of $55.90. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.04%. Dominion Energy’s payout ratio is 93.68%.

Analysts Set New Price Targets

D has been the subject of a number of research reports. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

About Dominion Energy

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.