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

First Citizens Bank & Trust Co. raised its stake in Dominion Energy, Inc. (NYSE:DFree Report) by 31.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,917 shares of the utilities provider’s stock after buying an additional 8,034 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Dominion Energy were worth $1,594,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV grew its stake in shares of Dominion Energy by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after purchasing an additional 128 shares during the last quarter. Golden State Equity Partners grew its stake in shares of Dominion Energy by 1.7% in the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after purchasing an additional 129 shares during the last quarter. Covestor Ltd boosted its stake in shares of Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Dominion Energy by 0.3% in the first quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 132 shares in the last quarter. Finally, Ergoteles LLC boosted its stake in shares of Dominion Energy by 3.2% in the first quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock valued at $401,000 after buying an additional 146 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Robert M. Blue purchased 21,735 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $48.71 on Wednesday. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The stock has a market cap of $40.80 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The business has a fifty day moving average of $46.62 and a 200-day moving average of $45.85. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. As a group, analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Analyst Ratings Changes

D has been the topic of a number of analyst reports. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Wells Fargo & Company lifted their price target on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Scotiabank decreased their price target on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. Guggenheim reduced their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, BMO Capital Markets cut Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.90.

Check Out Our Latest Stock Report on D

Dominion Energy Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.