Inspire Trust Co. N.A. Purchases 2,000 Shares of Dominion Energy, Inc. (NYSE:D)

Inspire Trust Co. N.A. raised its position in Dominion Energy, Inc. (NYSE:D) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,470 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Dominion Energy were worth $1,183,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC increased its position in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. Point72 Asset Management L.P. lifted its holdings in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after buying an additional 2,229,220 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after acquiring an additional 1,463,858 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Dominion Energy during the second quarter valued at about $67,854,000. Finally, State Street Corp grew its stake in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.8 %

Dominion Energy stock opened at $53.83 on Friday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a 50-day moving average price of $57.86 and a 200 day moving average price of $55.19. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $45.22 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.96%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

Several analysts have commented on D shares. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank upped their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $56.58.

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.