Wesbanco Bank Inc. Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Wesbanco Bank Inc. reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,330 shares of the utilities provider’s stock after selling 2,595 shares during the period. Wesbanco Bank Inc.’s holdings in Dominion Energy were worth $6,050,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Dominion Energy by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock valued at $104,253,000 after purchasing an additional 89,379 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Dominion Energy by 4.7% in the second quarter. Pacer Advisors Inc. now owns 59,380 shares of the utilities provider’s stock valued at $2,910,000 after purchasing an additional 2,680 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Dominion Energy by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock valued at $2,647,000 after purchasing an additional 1,163 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Dominion Energy by 7.1% in the second quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 340 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Dominion Energy by 21.0% in the second quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock valued at $42,671,000 after purchasing an additional 144,139 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on D. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Scotiabank upped their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Down 5.3 %

NYSE:D opened at $52.93 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock’s fifty day moving average is $55.41 and its two-hundred day moving average is $55.90. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a market capitalization of $44.46 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.04%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.