Keybank National Association OH Has $9.62 Million Stake in Dominion Energy, Inc. (NYSE:D)

Keybank National Association OH cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,648 shares of the utilities provider's stock after selling 14,727 shares during the period. Keybank National Association OH's holdings in Dominion Energy were worth $9,622,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cape Investment Advisory Inc. grew its holdings in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the 4th quarter worth $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the 3rd quarter valued at $28,000. Roble Belko & Company Inc bought a new position in Dominion Energy in the 4th quarter worth $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the 3rd quarter worth $32,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Dominion Energy stock traded up $1.52 during trading hours on Friday, hitting $55.21. The stock had a trading volume of 6,523,532 shares, compared to its average volume of 4,824,560. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The company has a market cap of $47.04 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a 50-day moving average of $55.05 and a two-hundred day moving average of $56.40. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

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Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.84%. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on D shares. Scotiabank raised their price target 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. Morgan Stanley initiated coverage on Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and an average price target of $57.00.

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.