M&T Bank Corp Increases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

M&T Bank Corp increased its holdings in Dominion Energy, Inc. (NYSE:D) by 2.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 156,073 shares of the utilities provider’s stock after purchasing an additional 4,017 shares during the quarter. M&T Bank Corp’s holdings in Dominion Energy were worth $8,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in D. Oak Grove Capital LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $11,378,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Dominion Energy by 10.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,125 shares of the utilities provider’s stock worth $546,000 after purchasing an additional 947 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dominion Energy by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,314,160 shares of the utilities provider’s stock valued at $286,221,000 after buying an additional 149,231 shares in the last quarter. Meridian Wealth Management LLC grew its holdings in Dominion Energy by 92.1% during the 4th quarter. Meridian Wealth Management LLC now owns 11,860 shares of the utilities provider’s stock valued at $639,000 after buying an additional 5,687 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Dominion Energy during the fourth quarter worth $292,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on D. Scotiabank upped their price objective on 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 began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Price Performance

Dominion Energy stock opened at $53.61 on Friday. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a 50 day moving average price of $55.02 and a 200 day moving average price of $56.41. The company has a market cap of $45.67 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.98%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.