CENTRAL TRUST Co Buys 2,061 Shares of Dominion Energy, Inc. (NYSE:D)

CENTRAL TRUST Co boosted its position in Dominion Energy, Inc. (NYSE:D) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,427 shares of the utilities provider’s stock after buying an additional 2,061 shares during the period. CENTRAL TRUST Co’s holdings in Dominion Energy were worth $1,693,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth approximately $28,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter valued at $32,000. Dunhill Financial LLC grew its holdings in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

NYSE D opened at $55.47 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market cap of $46.60 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The firm’s 50-day simple moving average is $54.96 and its two-hundred day simple moving average is $56.09.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. Research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.81%. Dominion Energy’s payout ratio is 93.68%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.58.

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.