Argent Trust Co increased its holdings in Dominion Energy Inc (NYSE:D) by 23.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,105 shares of the utilities provider’s stock after buying an additional 5,630 shares during the period. Argent Trust Co’s holdings in Dominion Energy were worth $2,151,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of D. Oregon Public Employees Retirement Fund raised its position in Dominion Energy by 6,957.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 4,955,630 shares in the last quarter. Bank of New York Mellon Corp raised its position in Dominion Energy by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after purchasing an additional 1,413,097 shares in the last quarter. Morgan Stanley raised its position in Dominion Energy by 46.1% during the third quarter. Morgan Stanley now owns 3,759,391 shares of the utilities provider’s stock valued at $264,209,000 after purchasing an additional 1,185,720 shares in the last quarter. Vanguard Group Inc raised its position in Dominion Energy by 1.7% during the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after purchasing an additional 825,191 shares in the last quarter. Finally, Zimmer Partners LP raised its position in Dominion Energy by 299.0% during the third quarter. Zimmer Partners LP now owns 700,591 shares of the utilities provider’s stock valued at $49,238,000 after purchasing an additional 525,000 shares in the last quarter. Institutional investors own 67.97% of the company’s stock.

D opened at $73.25 on Thursday. The stock has a market capitalization of $48.05 billion, a PE ratio of 18.09, a P/E/G ratio of 2.87 and a beta of 0.21. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. Dominion Energy Inc has a 12 month low of $61.53 and a 12 month high of $77.19.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.13 billion. Dominion Energy had a return on equity of 13.15% and a net margin of 18.31%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, analysts predict that Dominion Energy Inc will post 4.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be paid a $0.9175 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. This represents a $3.67 annualized dividend and a dividend yield of 5.01%. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.

D has been the topic of several analyst reports. Bank of America downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $72.00 to $69.00 in a report on Friday, January 11th. Zacks Investment Research reiterated a “sell” rating on shares of Dominion Energy in a report on Monday, December 31st. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $84.00 in a report on Thursday, November 29th. Finally, Wells Fargo & Co lifted their price objective on Dominion Energy from $73.00 to $80.00 and gave the stock a “market perform” rating in a report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $85.55.

In other Dominion Energy news, CFO James R. Chapman bought 4,053 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The shares were bought at an average cost of $74.02 per share, with a total value of $300,003.06. Following the completion of the purchase, the chief financial officer now directly owns 22,256 shares of the company’s stock, valued at $1,647,389.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diane Leopold sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the sale, the chief executive officer now directly owns 48,677 shares in the company, valued at $3,471,156.87. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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