First Bank & Trust Sells 21,014 Shares of Dominion Energy, Inc. (NYSE:D)

First Bank & Trust lowered its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,054 shares of the utilities provider's stock after selling 21,014 shares during the period. First Bank & Trust's holdings in Dominion Energy were worth $1,565,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BLB&B Advisors LLC grew its stake in shares of Dominion Energy by 2.5% during the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock valued at $417,000 after buying an additional 173 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY grew its position in Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock worth $450,000 after acquiring an additional 195 shares during the last quarter. Passumpsic Savings Bank grew its position in Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after acquiring an additional 199 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider's stock worth $342,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. 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. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Eleven 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.com, Dominion Energy presently has an average rating of "Hold" and an average price target of $56.58.

Dominion Energy Trading Up 1.9 %

Shares of D traded up $1.06 during trading hours on Friday, reaching $57.38. 5,117,359 shares of the company traded hands, compared to its average volume of 4,602,955. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 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 company's fifty day moving average price is $54.51 and its two-hundred day moving average price is $56.32. The company has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.65%. 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.