US Bancorp DE trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,501 shares of the utilities provider's stock after selling 8,168 shares during the period. US Bancorp DE's holdings in Dominion Energy were worth $4,821,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BankPlus Trust Department acquired a new position in shares of Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the fourth quarter worth $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter worth $32,000. Finally, Dunhill Financial LLC lifted its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after purchasing an additional 487 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:D opened at $54.15 on Thursday. The stock has a market capitalization of $46.14 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 1-year low of $46.43 and a 1-year high of $61.97. The company's fifty day moving average is $55.03 and its two-hundred day moving average is $56.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.
Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.
A number of research analysts have recently commented on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $57.00.
Read Our Latest Report on D
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.
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