Stock Yards Bank & Trust Co. Lowers Stake in Dominion Energy, Inc. (NYSE:D)

Stock Yards Bank & Trust Co. lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,112 shares of the utilities provider’s stock after selling 2,113 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Dominion Energy were worth $1,220,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC increased its position in shares of Dominion Energy by 8.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,428 shares of the utilities provider’s stock valued at $315,000 after buying an additional 491 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Dominion Energy by 3.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider’s stock worth $5,568,000 after acquiring an additional 3,990 shares in the last quarter. ORG Partners LLC raised its position in Dominion Energy by 154.1% during the second quarter. ORG Partners LLC now owns 1,418 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 860 shares during the period. Valley National Advisers Inc. lifted its holdings in Dominion Energy by 8.6% during the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 198 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at about $33,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.8 %

NYSE D opened at $53.83 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The business’s fifty day simple moving average is $57.94 and its 200-day simple moving average is $55.20. The firm has a market cap of $45.22 billion, a PE ratio of 18.89, a P/E/G ratio of 1.45 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business posted $0.77 EPS. Dominion Energy’s revenue was up 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.96%. Dominion Energy’s payout ratio is 93.68%.

Analyst Ratings Changes

D has been the subject of several research analyst reports. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Company 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.