First Citizens Bank & Trust Co. Buys 8,034 Shares of Dominion Energy, Inc. (NYSE:D)

First Citizens Bank & Trust Co. raised its stake in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 31.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,917 shares of the utilities provider’s stock after acquiring an additional 8,034 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Dominion Energy were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Pacific Center for Financial Services bought a new position in shares of Dominion Energy in the first quarter worth about $28,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Dominion Energy in the fourth quarter worth about $30,000. FSC Wealth Advisors LLC increased its stake in Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 410 shares during the period. Covestor Ltd increased its stake in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 131 shares during the period. Finally, Live Oak Investment Partners bought a new position in Dominion Energy during the fourth quarter valued at about $34,000. 73.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Dominion Energy Trading Down 0.9 %

D stock opened at $48.71 on Wednesday. The business has a fifty day moving average price of $46.62 and a 200 day moving average price of $45.85. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.01 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is presently 114.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Wells Fargo & Company boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. Mizuho lowered their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Finally, Scotiabank lowered their price target on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.90.

View Our Latest Research Report on Dominion Energy

Dominion Energy Company Profile

(Free Report)

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.

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

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