Gulf International Bank UK Ltd Trims Holdings in Dominion Energy, Inc. (NYSE:D)

Gulf International Bank UK Ltd decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,433 shares of the utilities provider’s stock after selling 616 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Dominion Energy were worth $3,524,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of D. BankPlus Trust Department acquired a new stake in Dominion Energy during the 4th quarter worth about $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy in the third quarter worth about $28,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the third quarter valued at approximately $32,000. Finally, Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Down 0.9 %

Shares of Dominion Energy stock opened at $56.60 on Friday. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The firm’s 50-day moving average price is $54.88 and its 200 day moving average price is $56.42. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.54 billion, a PE ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.