Atlantic Union Bankshares Corp Reduces Position in Dominion Energy, Inc. (NYSE:D)

Atlantic Union Bankshares Corp trimmed its position in Dominion Energy, Inc. (NYSE:D) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,776 shares of the utilities provider’s stock after selling 1,922 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Dominion Energy were worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy in the fourth quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in Dominion Energy during the 4th quarter valued at approximately $30,000. Rise Advisors LLC bought a new position in Dominion Energy during the 1st quarter valued at approximately $30,000. Venturi Wealth Management LLC lifted its holdings in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the period. Finally, Operose Advisors LLC grew its position in shares of Dominion Energy by 60.3% in the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after buying an additional 311 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on D shares. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, BMO Capital Markets upped their target price on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, May 6th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.73.

Dominion Energy Price Performance

D opened at $49.00 on Friday. The stock has a 50-day moving average price of $51.64 and a 200-day moving average price of $48.73. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm has a market cap of $41.04 billion, a PE ratio of 25.26, a P/E/G ratio of 1.33 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.45%. Dominion Energy’s dividend payout ratio is 137.63%.

Dominion Energy Company 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.