Intrust Bank NA Has $314,000 Stake in Dominion Energy, Inc. (NYSE:D)

Intrust Bank NA lowered its position in Dominion Energy, Inc. (NYSE:D) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,827 shares of the utilities provider’s stock after selling 4,093 shares during the period. Intrust Bank NA’s holdings in Dominion Energy were worth $314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Norges Bank bought a new position in Dominion Energy during the fourth quarter valued at about $473,354,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. American Century Companies Inc. lifted its holdings in Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after purchasing an additional 2,229,220 shares during the period. Finally, State Street Corp grew 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 valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $54.98 on Monday. The stock’s 50 day simple moving average is $55.17 and its 200-day simple moving average is $56.18. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $46.85 billion, a PE ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results 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 forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Morgan Stanley raised their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $57.58.

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.