Kentucky Trust Co Purchases Shares of 8,645 Dominion Energy, Inc. (NYSE:D)

Kentucky Trust Co bought a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,645 shares of the utilities provider's stock, valued at approximately $466,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC raised its stake in Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider's stock valued at $1,032,941,000 after purchasing an additional 367,193 shares in the last quarter. Franklin Resources Inc. raised its stake in Dominion Energy by 4.8% in the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider's stock valued at $496,358,000 after purchasing an additional 398,012 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Trading Down 2.0 %

Shares of NYSE:D traded down $1.14 during midday trading on Friday, hitting $55.58. 3,663,652 shares of the stock were exchanged, compared to its average volume of 4,632,855. The stock has a market capitalization of $46.68 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The business's 50-day moving average price is $54.42 and its 200 day moving average price is $56.29. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed 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. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio is currently 93.68%.

Analysts Set New Price Targets

A number of research firms recently commented on D. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $56.58.

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.