Dominion Energy, Inc. (NYSE:D) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 6.8% in the first quarter, Holdings Channel reports. The firm owned 19,592 shares of the utilities provider’s stock after selling 1,440 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Dominion Energy were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of D. Norges Bank acquired a new stake in shares of Dominion Energy in the 4th quarter worth $473,354,000. American Century Companies Inc. lifted its stake in shares of Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the period. Marshall Wace LLP lifted its stake in shares of Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after acquiring an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the period. Finally, Zimmer Partners LP acquired a new stake in shares of Dominion Energy in the 4th quarter worth $72,269,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.8%

Shares of NYSE D opened at $55.49 on Friday. 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, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The firm has a 50-day moving average price of $54.70 and a 200 day moving average price of $54.82. The stock has a market capitalization of $47.32 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56.

Dominion Energy (NYSE:D) last announced its 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 during 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%. The firm’s quarterly 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 earnings per share. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on D. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.63.

Dominion Energy 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.