Dominion Energy, Inc. (NYSE:D) Stock Holdings Cut by Huntington National Bank

Huntington National Bank cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 93,067 shares of the utilities provider’s stock after selling 1,328 shares during the quarter. Huntington National Bank’s holdings in Dominion Energy were worth $5,013,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after buying an additional 404,868 shares during the last quarter. Czech National Bank boosted its stake in shares of Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after acquiring an additional 11,231 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after acquiring an additional 4,861 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after purchasing an additional 7,632 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of Dominion Energy during the third quarter valued at $746,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $56.27 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The stock’s 50-day moving average is $55.26 and its two-hundred day moving average is $56.15. The firm has a market cap of $47.95 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. Dominion Energy’s payout ratio is presently 98.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on D shares. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.58.

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.