Truist Financial Corp Sells 73,604 Shares of Dominion Energy, Inc. (NYSE:D)

Truist Financial Corp trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350,283 shares of the utilities provider’s stock after selling 73,604 shares during the period. Truist Financial Corp’s holdings in Dominion Energy were worth $18,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter worth $28,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy in the fourth quarter worth $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC raised its position 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 worth $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.1 %

Shares of NYSE:D opened at $55.69 on Thursday. The stock’s 50-day moving average price is $54.46 and its 200-day moving average price is $56.32. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The stock has a market capitalization of $46.78 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.79%. Dominion Energy’s payout ratio is presently 98.89%.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. 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.com, the stock has a consensus rating of “Hold” and an average target price of $56.58.

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.