Dominion Energy, Inc. (NYSE:D) Stock Position Lifted by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.5% during the third quarter, Holdings Channel.com reports. The firm owned 44,150 shares of the utilities provider’s stock after acquiring an additional 2,315 shares during the period. Raymond James Trust N.A.’s holdings in Dominion Energy were worth $2,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of D. Bessemer Group Inc. boosted its stake in Dominion Energy by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 12,112 shares of the utilities provider’s stock valued at $596,000 after purchasing an additional 375 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in Dominion Energy by 10.7% during the first quarter. EP Wealth Advisors LLC now owns 7,624 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 739 shares during the period. LRI Investments LLC bought a new stake in Dominion Energy in the first quarter worth about $32,000. Lazard Asset Management LLC lifted its holdings in Dominion Energy by 1,232.8% in the 1st quarter. Lazard Asset Management LLC now owns 18,179 shares of the utilities provider’s stock valued at $893,000 after acquiring an additional 16,815 shares during the last quarter. Finally, Kinloch Capital LLC boosted its position in shares of Dominion Energy by 14.3% during the 1st quarter. Kinloch Capital LLC now owns 5,351 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 669 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.4 %

Shares of NYSE D opened at $58.14 on Friday. The business has a 50 day simple moving average of $58.07 and a 200 day simple moving average of $54.82. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a market cap of $48.84 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS 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 the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.59%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Upgrades and Downgrades

Several analysts recently commented on D shares. Barclays increased their target price 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. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.91.

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.