Dominion Energy, Inc. (NYSE:D) Shares Sold by First County Bank CT

First County Bank CT reduced its position in Dominion Energy, Inc. (NYSE:D) by 21.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,999 shares of the utilities provider’s stock after selling 5,131 shares during the period. First County Bank CT’s holdings in Dominion Energy were worth $1,098,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Family Firm Inc. bought a new position in Dominion Energy during the 2nd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the third quarter worth about $28,000. LRI Investments LLC bought a new stake in Dominion Energy in the first quarter valued at about $30,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the third quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC bought a new position in Dominion Energy during the 2nd quarter worth approximately $33,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE:D opened at $58.36 on Friday. The stock’s 50 day moving average price is $58.07 and its 200 day moving average price is $54.76. 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 $49.03 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the business earned $0.77 earnings per share. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 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 Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Ratings Changes

Several equities analysts recently issued reports on D shares. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised 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. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $55.91.

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.