Community Bank N.A. Has $50,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Community Bank N.A. lessened its stake in Dominion Energy, Inc. (NYSE:D) by 18.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 857 shares of the utilities provider’s stock after selling 198 shares during the quarter. Community Bank N.A.’s holdings in Dominion Energy were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Family Firm Inc. acquired a new position in shares of Dominion Energy during the second quarter valued at $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the 3rd quarter valued at about $32,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy during the second quarter worth approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Dominion Energy during the second quarter worth approximately $35,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on D shares. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. BMO Capital Markets upped their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Price Performance

Shares of NYSE D opened at $57.35 on Tuesday. The firm has a market cap of $48.17 billion, a PE ratio of 20.12, a PEG ratio of 1.56 and a beta of 0.59. The company has a fifty day moving average price of $58.19 and a 200 day moving average price of $55.06. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the business earned $0.77 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

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.