Heritage Trust Co Takes $550,000 Position in Dominion Energy, Inc. (NYSE:D)

Heritage Trust Co bought a new position in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 10,204 shares of the utilities provider’s stock, valued at approximately $550,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after purchasing an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock valued at $1,667,540,000 after buying an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC grew its holdings in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock worth $997,034,000 after acquiring an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after acquiring an additional 1,068,996 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Morgan Stanley lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday. Finally, Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $57.00.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $52.67 on Friday. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97. The firm has a market capitalization of $44.89 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $54.74 and a two-hundred day simple moving average of $55.81.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

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.