US Bancorp DE Has $5.81 Million Position in Dominion Energy, Inc. (NYSE:D)

US Bancorp DE cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 12.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,057 shares of the utilities provider’s stock after selling 17,393 shares during the quarter. US Bancorp DE’s holdings in Dominion Energy were worth $5,807,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Criterion Capital Advisors LLC bought a new stake in Dominion Energy in the 4th quarter valued at $29,000. Rise Advisors LLC bought a new stake in Dominion Energy in the 1st quarter valued at $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy in the 4th quarter valued at $30,000. Venturi Wealth Management LLC boosted its stake in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Finally, Albion Financial Group UT boosted its stake in Dominion Energy by 300.0% in the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 600 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of a number of recent analyst reports. BMO Capital Markets cut their target price on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Evercore ISI upped their price objective on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Barclays dropped their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Scotiabank dropped their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $51.64.

Dominion Energy Trading Up 2.4 %

Shares of D stock traded up $1.24 on Wednesday, hitting $52.53. The company had a trading volume of 1,613,616 shares, compared to its average volume of 4,724,366. The firm has a market cap of $44.00 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.37 and a beta of 0.58. The stock’s 50-day moving average is $51.34 and its two-hundred day moving average is $48.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.08%. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.