Morton Community Bank Has $2.69 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Morton Community Bank raised its holdings in Dominion Energy, Inc. (NYSE:D) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,605 shares of the utilities provider’s stock after acquiring an additional 2,427 shares during the quarter. Morton Community Bank’s holdings in Dominion Energy were worth $2,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in Dominion Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after acquiring an additional 477,181 shares during the period. Bank of New York Mellon Corp increased its position in Dominion Energy by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after acquiring an additional 940,402 shares during the period. Diamond Hill Capital Management Inc. increased its position in Dominion Energy by 0.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock valued at $283,227,000 after acquiring an additional 27,984 shares during the period. Charles Schwab Investment Management Inc. increased its position in Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after acquiring an additional 43,055 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dominion Energy by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,411 shares of the utilities provider’s stock valued at $224,307,000 after acquiring an additional 130,108 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of a number of analyst reports. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets upped their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Finally, Barclays upped their price objective 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. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Down 0.5 %

Shares of NYSE D opened at $58.75 on Friday. The firm has a market cap of $49.35 billion, a PE ratio of 20.61, a P/E/G ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company’s fifty day simple moving average is $58.19 and its 200 day simple moving average is $55.05. 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 (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

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.