Dominion Energy, Inc. (NYSE:D) Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its stake in Dominion Energy, Inc. (NYSE:D) by 22.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the utilities provider’s stock after acquiring an additional 4,530 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Dominion Energy were worth $1,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of D. Vanguard Group Inc. boosted its position in shares of Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after purchasing an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after buying an additional 1,459,926 shares during the period. JPMorgan Chase & Co. lifted its stake in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock worth $997,034,000 after buying an additional 601,900 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after acquiring an additional 1,068,996 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.75.

Dominion Energy Trading Down 2.5%

Shares of NYSE:D opened at $56.54 on Thursday. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $48.21 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The firm has a fifty day moving average of $54.08 and a two-hundred day moving average of $55.04.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. Dominion Energy’s payout ratio is 100.00%.

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.