Sandy Spring Bank Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Sandy Spring Bank boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,620 shares of the utilities provider’s stock after acquiring an additional 2,857 shares during the quarter. Sandy Spring Bank’s holdings in Dominion Energy were worth $2,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cape Investment Advisory Inc. lifted its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter worth approximately $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after buying an additional 260 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on D. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley increased their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $57.36.

Dominion Energy Stock Up 0.0 %

D stock opened at $54.91 on Friday. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $46.79 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The business has a 50 day moving average of $55.17 and a 200 day moving average of $56.31.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio 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.