Community Bank N.A. Trims Stock Position in Dominion Energy Inc. (NYSE:D)

Community Bank N.A. lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 32.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 575 shares of the utilities provider’s stock after selling 282 shares during the period. Community Bank N.A.’s holdings in Dominion Energy were worth $32,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of D. Brighton Jones LLC increased its position in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Vontobel Holding Ltd. increased its holdings in Dominion Energy by 18.3% during the fourth quarter. Vontobel Holding Ltd. now owns 7,969 shares of the utilities provider’s stock valued at $429,000 after buying an additional 1,235 shares during the period. Principal Securities Inc. raised its stake in Dominion Energy by 3.9% in the fourth quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider’s stock worth $851,000 after buying an additional 590 shares in the last quarter. Allworth Financial LP raised its stake in Dominion Energy by 11.7% in the fourth quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider’s stock worth $1,124,000 after buying an additional 2,226 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Dominion Energy by 2.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 11,630 shares of the utilities provider’s stock worth $626,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.8%

Shares of NYSE:D opened at $54.18 on Thursday. The business’s 50-day moving average is $54.86 and its 200 day moving average is $54.74. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The firm has a market capitalization of $46.21 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.17 and a beta of 0.56.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of analyst reports. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley lowered their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.38.

Dominion Energy 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.