CNB Bank Sells 920 Shares of Dominion Energy, Inc. (NYSE:D)

CNB Bank trimmed its position in Dominion Energy, Inc. (NYSE:D) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,800 shares of the utilities provider’s stock after selling 920 shares during the quarter. CNB Bank’s holdings in Dominion Energy were worth $335,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of D. Family Firm Inc. purchased a new position in Dominion Energy during the second quarter worth about $27,000. LRI Investments LLC bought a new position in shares of Dominion Energy in the first quarter worth approximately $32,000. Triad Wealth Partners LLC purchased a new stake in Dominion Energy in the second quarter valued at approximately $33,000. Opal Wealth Advisors LLC purchased a new stake in Dominion Energy in the second quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC purchased a new position in Dominion Energy in the 2nd quarter worth approximately $36,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 0.3 %

Shares of NYSE D opened at $59.92 on Friday. The firm’s fifty day moving average is $57.10 and its 200 day moving average is $53.33. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $60.73. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $50.19 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 1.52 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.46%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on D. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets upped their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $55.40.

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.