Zions Bancorporation N.A. Sells 63,239 Shares of Dominion Energy, Inc. (NYSE:D)

Zions Bancorporation N.A. reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 58.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,483 shares of the utilities provider’s stock after selling 63,239 shares during the quarter. Zions Bancorporation N.A.’s holdings in Dominion Energy were worth $2,628,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in D. KBC Group NV boosted its stake in Dominion Energy by 3.0% in the third quarter. KBC Group NV now owns 65,413 shares of the utilities provider’s stock valued at $3,780,000 after acquiring an additional 1,895 shares in the last quarter. Huntington National Bank boosted its position in shares of Dominion Energy by 2.3% in the 3rd quarter. Huntington National Bank now owns 94,395 shares of the utilities provider’s stock worth $5,455,000 after purchasing an additional 2,150 shares in the last quarter. Schrum Private Wealth Management LLC purchased a new position in Dominion Energy during the 3rd quarter worth $245,000. Kovack Advisors Inc. raised its stake in Dominion Energy by 16.7% in the third quarter. Kovack Advisors Inc. now owns 11,355 shares of the utilities provider’s stock valued at $656,000 after buying an additional 1,621 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Ten research 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, Dominion Energy presently has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Price Performance

Dominion Energy stock opened at $56.58 on Thursday. The firm has a market capitalization of $47.53 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.52 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a fifty day simple moving average of $58.05 and a 200-day simple moving average of $54.52. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

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.