Independence Bank of Kentucky Has $117,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Independence Bank of Kentucky lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 20.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,176 shares of the utilities provider’s stock after selling 570 shares during the period. Independence Bank of Kentucky’s holdings in Dominion Energy were worth $117,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of Dominion Energy in the second quarter valued at about $1,651,000. AQR Capital Management LLC lifted its position in Dominion Energy by 201.9% during the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after acquiring an additional 22,567 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Dominion Energy by 14.7% during the second quarter. Clearbridge Investments LLC now owns 5,134 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 659 shares during the period. Czech National Bank grew its position in shares of Dominion Energy by 7.0% in the third quarter. Czech National Bank now owns 170,900 shares of the utilities provider’s stock valued at $9,876,000 after purchasing an additional 11,171 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dominion Energy by 20.0% during the 3rd quarter. GAMMA Investing LLC now owns 20,581 shares of the utilities provider’s stock worth $1,189,000 after purchasing an additional 3,426 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Barclays increased 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. Morgan Stanley assumed coverage on 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. Finally, Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.47 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 one year low of $43.53 and a one year high of $61.97. The stock’s 50 day moving average is $54.96 and its 200 day moving average is $56.09. The firm has a market cap of $46.60 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.20 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

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