Sanibel Captiva Trust Company Inc. Acquires New Stake in Dominion Energy, Inc. (NYSE:D)

Sanibel Captiva Trust Company Inc. acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,623 shares of the utilities provider’s stock, valued at approximately $276,000.

Several other large investors also recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. grew its holdings in Dominion Energy by 11.2% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 39,410 shares of the utilities provider’s stock valued at $1,931,000 after buying an additional 3,972 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Dominion Energy by 15.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 368,174 shares of the utilities provider’s stock worth $18,041,000 after purchasing an additional 48,540 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Dominion Energy by 11.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 118,455 shares of the utilities provider’s stock worth $5,804,000 after purchasing an additional 12,540 shares during the period. MONECO Advisors LLC grew its holdings in shares of Dominion Energy by 10.1% during the 2nd quarter. MONECO Advisors LLC now owns 10,836 shares of the utilities provider’s stock worth $531,000 after purchasing an additional 996 shares during the period. Finally, Chesley Taft & Associates LLC grew its holdings in shares of Dominion Energy by 2.3% during the 2nd quarter. Chesley Taft & Associates LLC now owns 15,577 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 350 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Mizuho increased their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Evercore ISI increased their target price on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.64.

Dominion Energy Stock Up 0.4 %

D stock traded up $0.23 during mid-day trading on Wednesday, reaching $56.53. The company had a trading volume of 465,909 shares, compared to its average volume of 4,560,356. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company has a market capitalization of $47.35 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. The firm has a fifty day simple moving average of $51.83 and a 200 day simple moving average of $50.22. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the company earned $0.53 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. Dominion Energy’s dividend payout ratio is presently 137.63%.

Dominion Energy Company 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.