Fulton Bank N.A. lifted its stake in Dominion Energy, Inc. (NYSE:D) by 15.8% in the 1st quarter, Holdings Channel reports. The firm owned 24,522 shares of the utilities provider’s stock after purchasing an additional 3,352 shares during the quarter. Fulton Bank N.A.’s holdings in Dominion Energy were worth $1,863,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Financial Planning Inc. acquired a new position in Dominion Energy during the fourth quarter worth about $29,000. Sittner & Nelson LLC acquired a new position in Dominion Energy during the fourth quarter worth about $30,000. Reby Advisors LLC acquired a new position in Dominion Energy during the fourth quarter worth about $31,000. American Research & Management Co. raised its position in Dominion Energy by 180.7% during the fourth quarter. American Research & Management Co. now owns 466 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 300 shares during the last quarter. Finally, Key Financial Inc purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 67.06% of the company’s stock.
In other Dominion Energy news, Director Mark J. Kington purchased 2,000 shares of Dominion Energy stock in a transaction on Thursday, March 4th. The shares were purchased at an average cost of $69.29 per share, with a total value of $138,580.00. Insiders own 0.26% of the company’s stock.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, February 11th. The utilities provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. Dominion Energy’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 earnings per share. Sell-side analysts predict that Dominion Energy, Inc. will post 3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 20th. Shareholders of record on Friday, March 5th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $2.52 dividend on an annualized basis and a yield of 3.29%. Dominion Energy’s dividend payout ratio (DPR) is 59.43%.
A number of equities research analysts have recently commented on the stock. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $88.00 to $83.00 in a report on Wednesday, December 16th. Wells Fargo & Company upgraded shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $83.00 in a report on Tuesday, January 26th. Evercore ISI upgraded shares of Dominion Energy from an “in-line” rating to an “outperform” rating in a report on Thursday, January 21st. KeyCorp upgraded shares of Dominion Energy from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Tuesday, January 12th. Finally, TheStreet downgraded shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Tuesday, December 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Dominion Energy currently has a consensus rating of “Buy” and a consensus target price of $83.00.
Dominion Energy Company Profile
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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