Lcnb Corp bought a new position in Dominion Energy Inc (NYSE:D) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,661 shares of the utilities provider’s stock, valued at approximately $206,000.

A number of other hedge funds have also added to or reduced their stakes in D. Trust Co. of Toledo NA OH grew its position in shares of Dominion Energy by 0.4% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 34,009 shares of the utilities provider’s stock worth $2,630,000 after buying an additional 131 shares in the last quarter. 6 Meridian grew its position in shares of Dominion Energy by 1.9% during the 2nd quarter. 6 Meridian now owns 7,011 shares of the utilities provider’s stock worth $542,000 after buying an additional 134 shares in the last quarter. Dividend Assets Capital LLC grew its position in shares of Dominion Energy by 2.4% during the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after buying an additional 136 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Dominion Energy by 12.8% during the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after buying an additional 140 shares in the last quarter. Finally, Smithfield Trust Co. grew its position in shares of Dominion Energy by 1.1% during the 1st quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock worth $981,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 63.99% of the company’s stock.

D stock traded up $1.72 during trading on Wednesday, reaching $76.09. 1,734,586 shares of the company traded hands, compared to its average volume of 4,254,987. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $79.47. The company’s 50 day moving average price is $76.47. The company has a market capitalization of $59.93 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 3.74 and a beta of 0.25. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. Equities research analysts expect that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.82%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s dividend payout ratio is presently 90.62%.

A number of equities analysts have recently issued reports on D shares. Morgan Stanley initiated coverage on Dominion Energy in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $81.00 price target on the stock. Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research report on Thursday, July 4th. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $79.00 to $80.00 in a research report on Thursday, June 13th. They noted that the move was a valuation call. Finally, Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $79.08.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. 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.

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

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