City Holding Co. Sells 778 Shares of Dominion Energy, Inc. (NYSE:D)

City Holding Co. reduced its position in Dominion Energy, Inc. (NYSE:D) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,954 shares of the utilities provider’s stock after selling 778 shares during the period. City Holding Co.’s holdings in Dominion Energy were worth $1,075,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in D. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC grew its position in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

D opened at $55.34 on Tuesday. The stock has a market capitalization of $46.49 billion, a P/E ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The stock has a 50-day moving average price of $55.49 and a 200-day moving average price of $55.81.

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

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend 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.