Argent Trust Co Raises Position in Dominion Energy, Inc. (NYSE:D)

Argent Trust Co increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,422 shares of the utilities provider’s stock after purchasing an additional 2,440 shares during the quarter. Argent Trust Co’s holdings in Dominion Energy were worth $1,962,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Treasurer of the State of North Carolina grew its stake in shares of Dominion Energy by 1.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 464,840 shares of the utilities provider’s stock valued at $25,036,000 after buying an additional 6,001 shares during the last quarter. Legacy Financial Advisors Inc. increased its stake in Dominion Energy by 26.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 9,310 shares of the utilities provider’s stock worth $501,000 after purchasing an additional 1,966 shares during the period. Scotia Capital Inc. lifted its position in shares of Dominion Energy by 24.8% during the fourth quarter. Scotia Capital Inc. now owns 11,102 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 2,205 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Dominion Energy by 124.1% during the fourth quarter. APG Asset Management N.V. now owns 783,828 shares of the utilities provider’s stock valued at $40,770,000 after purchasing an additional 434,008 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of Dominion Energy by 6.5% in the fourth quarter. Advisory Services Network LLC now owns 49,386 shares of the utilities provider’s stock worth $2,660,000 after purchasing an additional 2,994 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

D opened at $51.95 on Friday. The firm has a 50 day moving average of $54.77 and a two-hundred day moving average of $55.84. The firm has a market capitalization of $44.27 billion, a PE ratio of 19.24, a P/E/G ratio of 1.22 and a beta of 0.57. 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, Inc. has a 12-month low of $46.62 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.14%. Dominion Energy’s dividend payout ratio is presently 98.89%.

Analysts Set New Price Targets

Several research firms have issued reports on D. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday. UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.

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.