Town & Country Bank & Trust CO dba First Bankers Trust CO Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Dominion Energy, Inc. (NYSE:D) by 62.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,806 shares of the utilities provider’s stock after buying an additional 2,987 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Dominion Energy were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in D. Norges Bank purchased a new position in Dominion Energy during the 4th quarter valued at $473,354,000. American Century Companies Inc. increased its position in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after purchasing an additional 2,540,713 shares during the period. Marshall Wace LLP increased its position in Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock valued at $119,048,000 after purchasing an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 purchasing an additional 1,459,926 shares during the period. Finally, Zimmer Partners LP purchased a new position in Dominion Energy during the 4th quarter valued at $72,269,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

D has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. restated an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, UBS Group boosted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.63.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $56.01 on Friday. The stock has a market cap of $47.76 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.22 and a beta of 0.57. The firm’s 50-day moving average is $54.26 and its 200 day moving average is $54.98. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Dominion Energy’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

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.