Sanibel Captiva Trust Company Inc. Buys 4,103 Shares of Dominion Energy, Inc. (NYSE:D)

Sanibel Captiva Trust Company Inc. raised its stake in Dominion Energy, Inc. (NYSE:D) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,951 shares of the utilities provider’s stock after acquiring an additional 4,103 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Dominion Energy were worth $967,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter worth $32,000. Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on D. 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 note on Thursday, December 12th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Trading Up 0.5 %

Shares of NYSE D opened at $55.34 on Friday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.16 and a beta of 0.60. 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’s fifty day moving average is $55.49 and its 200-day moving average is $55.71.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Dominion Energy 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.