CENTRAL TRUST Co Cuts Position in Dominion Energy, Inc. (NYSE:D)

CENTRAL TRUST Co lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,162 shares of the utilities provider’s stock after selling 2,855 shares during the period. CENTRAL TRUST Co’s holdings in Dominion Energy were worth $1,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Teacher Retirement System of Texas raised its holdings in shares of Dominion Energy by 2.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 64,764 shares of the utilities provider’s stock worth $2,893,000 after purchasing an additional 1,612 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Dominion Energy by 29.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 13,737 shares of the utilities provider’s stock worth $614,000 after purchasing an additional 3,141 shares during the period. Compass Ion Advisors LLC bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $322,000. Larson Financial Group LLC raised its holdings in Dominion Energy by 295.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,272 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 950 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Dominion Energy by 7.9% during the 3rd quarter. Corient Private Wealth LLC now owns 265,614 shares of the utilities provider’s stock valued at $11,855,000 after acquiring an additional 19,337 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Guggenheim lowered their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Finally, Barclays lowered their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Price Performance

NYSE:D traded down $0.91 during midday trading on Thursday, hitting $52.59. The company had a trading volume of 3,436,021 shares, compared to its average volume of 5,062,901. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The stock’s fifty day moving average price is $50.16 and its 200-day moving average price is $47.84. The company has a market capitalization of $44.05 billion, a PE ratio of 27.10, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.08%. Dominion Energy’s payout ratio is 137.63%.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

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.