AMG National Trust Bank Purchases 2,100 Shares of Dominion Energy, Inc. (NYSE:D)

AMG National Trust Bank lifted its position in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 26.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,179 shares of the utilities provider’s stock after purchasing an additional 2,100 shares during the quarter. AMG National Trust Bank’s holdings in Dominion Energy were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Curi Wealth Management LLC boosted its position in shares of Dominion Energy by 1,755.0% during the second quarter. Curi Wealth Management LLC now owns 371 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 351 shares in the last quarter. Syverson Strege & Co purchased a new position in Dominion Energy during the second quarter valued at $33,000. Covestor Ltd raised its stake in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Hallmark Capital Management Inc. purchased a new position in Dominion Energy during the second quarter valued at $40,000. Finally, Logan Capital Management Inc. raised its stake in Dominion Energy by 31.9% during the second quarter. Logan Capital Management Inc. now owns 563 shares of the utilities provider’s stock valued at $45,000 after buying an additional 136 shares during the last quarter. 70.30% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D opened at $62.48 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.57. Dominion Energy, Inc. has a one year low of $57.18 and a one year high of $88.78. The firm has a market capitalization of $52.06 billion, a P/E ratio of 22.39, a PEG ratio of 2.66 and a beta of 0.40. The business has a fifty day moving average of $60.77 and a 200 day moving average of $70.33.

Dominion Energy (NYSE:D – Get Rating) last issued its quarterly earnings data on Friday, November 4th. The utilities provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.08 by $0.03. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. Dominion Energy’s revenue was up 38.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 4.1 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, December 1st. Dominion Energy’s dividend payout ratio is presently 95.70%.

Analysts Set New Price Targets

A number of brokerages have issued reports on D. Seaport Res Ptn reiterated a “neutral” rating on shares of Dominion Energy in a research note on Thursday, October 6th. UBS Group lowered their price objective on Dominion Energy from $73.00 to $63.00 and set a “neutral” rating for the company in a research note on Tuesday, December 6th. Morgan Stanley lowered their price objective on Dominion Energy from $77.00 to $76.00 and set an “equal weight” rating for the company in a research note on Monday. Bank of America cut Dominion Energy from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $94.00 to $59.00 in a research note on Wednesday, November 9th. Finally, Guggenheim decreased their price target on Dominion Energy from $90.00 to $75.00 in a research note on Monday, October 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $72.00.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.