UMB Bank n.a. Has $930,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

UMB Bank n.a. increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,273 shares of the utilities provider’s stock after purchasing an additional 649 shares during the period. UMB Bank n.a.’s holdings in Dominion Energy were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the third quarter worth approximately $32,000. Dunhill Financial LLC lifted its holdings in shares of 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 purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC boosted 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 valued at $35,000 after buying an additional 449 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dominion Energy Stock Up 1.1 %

D stock opened at $55.92 on Wednesday. The stock has a fifty day moving average of $55.44 and a 200-day moving average of $55.85. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.20 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm 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%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

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.