Fifth Third Bancorp Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Fifth Third Bancorp raised its holdings in Dominion Energy, Inc. (NYSE:D) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 85,328 shares of the utilities provider’s stock after purchasing an additional 770 shares during the quarter. Fifth Third Bancorp’s holdings in Dominion Energy were worth $4,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of D. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy during the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter valued at about $32,000. Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% in the 3rd 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 stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank raised their price target 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. Morgan Stanley initiated 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 target on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Trading Up 0.5 %

Shares of D opened at $53.48 on Monday. 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, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The stock has a market cap of $44.93 billion, a PE ratio of 18.77, a P/E/G ratio of 1.15 and a beta of 0.60. The stock’s 50-day moving average is $55.20 and its two-hundred day moving average is $55.94.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the business earned $0.77 EPS. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.99%. 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.