Blue Trust Inc. Purchases 1,988 Shares of Dominion Energy, Inc. (NYSE:D)

Blue Trust Inc. lifted its position in Dominion Energy, Inc. (NYSE:D) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,360 shares of the utilities provider’s stock after purchasing an additional 1,988 shares during the period. Blue Trust Inc.’s holdings in Dominion Energy were worth $1,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Roble Belko & Company Inc bought a new stake in Dominion Energy in the fourth quarter valued at $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the 3rd quarter valued at $32,000. Dunhill Financial LLC increased its position in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its position in 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. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $55.34 on Wednesday. The stock has a market cap of $46.48 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.15 and a beta of 0.60. The firm’s 50-day moving average is $55.16 and its 200 day moving average is $56.01. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company 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%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. 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 price objective on the stock. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Company 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.