Thomasville National Bank Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

Thomasville National Bank increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,308 shares of the utilities provider’s stock after buying an additional 1,000 shares during the period. Thomasville National Bank’s holdings in Dominion Energy were worth $986,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after buying an additional 477,181 shares in the last quarter. JPMorgan Chase & Co. raised its position in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares during the period. Geode Capital Management LLC raised its position in Dominion Energy by 2.1% during the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after acquiring an additional 367,193 shares during the period. Finally, Franklin Resources Inc. raised its position in Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after acquiring an additional 398,012 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.7 %

Dominion Energy stock traded down $0.35 during midday trading on Monday, hitting $53.04. 821,783 shares of the stock were exchanged, compared to its average volume of 3,437,135. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock has a market capitalization of $44.55 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.44 and a beta of 0.60. The stock’s 50-day simple moving average is $55.82 and its 200 day simple moving average is $55.62. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. 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 for the company. Morgan Stanley began 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 for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank increased their target price 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. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.58.

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.