Dominion Energy, Inc. (NYSE:D) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the utilities provider’s stock after buying an additional 4,530 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Dominion Energy were worth $1,346,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of D. Norges Bank acquired a new stake in Dominion Energy during the fourth quarter worth about $473,354,000. American Century Companies Inc. grew its holdings in shares of Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Marshall Wace LLP raised its position in shares of Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after purchasing an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in Dominion Energy during the 4th quarter valued at approximately $72,269,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on D. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their price target 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $58.75.

Dominion Energy Stock Down 2.5%

Dominion Energy stock opened at $56.54 on Thursday. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The stock has a market cap of $48.21 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.22 and a beta of 0.57. The company’s 50-day moving average price is $54.08 and its two-hundred day moving average price is $55.04. 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 posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the firm posted $0.55 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.72%. Dominion Energy’s dividend payout ratio is currently 100.00%.

About Dominion Energy

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.