Parkside Financial Bank & Trust Acquires 993 Shares of Dominion Energy, Inc. (NYSE:D)

Parkside Financial Bank & Trust grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 44.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,237 shares of the utilities provider’s stock after acquiring an additional 993 shares during the period. Parkside Financial Bank & Trust’s holdings in Dominion Energy were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of D. Simon Quick Advisors LLC grew its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank grew its stake in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Dominion Energy by 0.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider’s stock worth $1,946,000 after acquiring an additional 208 shares in the last quarter. Finally, Meridian Financial Partners LLC boosted its stake in shares of Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on D. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank increased their price objective 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, Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of D opened at $56.60 on Friday. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. 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 company has a 50 day moving average of $54.94 and a two-hundred day moving average of $56.44.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.