First Citizens Bank & Trust Co. Takes Position in Dominion Energy, Inc. (NYSE:D)

First Citizens Bank & Trust Co. acquired a new position in Dominion Energy, Inc. (NYSE:D) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,996 shares of the utilities provider’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently bought and sold shares of D. Principal Securities Inc. increased its stake in shares of Dominion Energy by 3.9% in the fourth quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider’s stock worth $851,000 after acquiring an additional 590 shares during the last quarter. Empowered Funds LLC increased its position in Dominion Energy by 12.2% in the 4th quarter. Empowered Funds LLC now owns 16,227 shares of the utilities provider’s stock worth $874,000 after purchasing an additional 1,767 shares during the last quarter. Savant Capital LLC increased its position in Dominion Energy by 4.2% in the 4th quarter. Savant Capital LLC now owns 12,736 shares of the utilities provider’s stock worth $686,000 after purchasing an additional 515 shares during the last quarter. Allworth Financial LP raised its stake in shares of Dominion Energy by 11.7% during the 4th quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider’s stock worth $1,124,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Dominion Energy by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider’s stock valued at $481,728,000 after buying an additional 225,339 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $55.53 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business’s fifty day moving average price is $54.48 and its two-hundred day moving average price is $54.89. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The stock has a market capitalization of $47.35 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend yield of 4.81%. Dominion Energy’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley cut their price target on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $58.63.

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.