National Bank of Canada FI Acquires 8,625 Shares of Dominion Energy, Inc. (NYSE:D)

National Bank of Canada FI boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 475,639 shares of the utilities provider’s stock after purchasing an additional 8,625 shares during the period. National Bank of Canada FI owned about 0.06% of Dominion Energy worth $25,438,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Simon Quick Advisors LLC increased its stake in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares during the last quarter. Choate Investment Advisors increased its position in Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares during the last quarter. Passumpsic Savings Bank raised its stake in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the period. Meridian Financial Partners LLC lifted its position in shares of Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after buying an additional 219 shares during the last quarter. Finally, Register Financial Advisors LLC grew its stake in shares of Dominion Energy by 5.8% during the 4th quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 237 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $56.14 on Friday. The firm has a market capitalization of $47.84 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.22 and a beta of 0.57. 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 50-day simple moving average is $55.32 and its two-hundred day simple moving average is $56.15. Dominion Energy, Inc. has a twelve month low of $46.62 and a twelve month high of $61.97.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.76%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley boosted their target price 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. Finally, JPMorgan Chase & Co. increased their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.