4,081 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Old North State Trust LLC

Old North State Trust LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the third quarter, HoldingsChannel reports. The institutional investor acquired 4,081 shares of the utilities provider’s stock, valued at approximately $236,000.

Other institutional investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Dominion Energy by 8.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,428 shares of the utilities provider’s stock worth $315,000 after buying an additional 491 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Dominion Energy by 3.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider’s stock valued at $5,568,000 after buying an additional 3,990 shares during the last quarter. ORG Partners LLC grew its holdings in Dominion Energy by 154.1% during the 2nd quarter. ORG Partners LLC now owns 1,418 shares of the utilities provider’s stock valued at $68,000 after buying an additional 860 shares in the last quarter. Valley National Advisers Inc. increased its stake in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 198 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Dominion Energy during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on D shares. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Down 0.8 %

Dominion Energy stock opened at $53.83 on Friday. The business has a fifty day moving average price of $57.86 and a 200-day moving average price of $55.19. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a market capitalization of $45.22 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.45 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.18 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.96%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.