US Bancorp DE Sells 8,168 Shares of Dominion Energy, Inc. (NYSE:D)

US Bancorp DE lowered its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,501 shares of the utilities provider's stock after selling 8,168 shares during the period. US Bancorp DE's holdings in Dominion Energy were worth $4,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth approximately $210,000. Farther Finance Advisors LLC increased its holdings in shares of Dominion Energy by 16.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,995 shares of the utilities provider's stock worth $346,000 after acquiring an additional 841 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Dominion Energy by 39.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,935 shares of the utilities provider's stock worth $362,000 after acquiring an additional 1,678 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Dominion Energy by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 232,143 shares of the utilities provider's stock worth $14,144,000 after acquiring an additional 15,790 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in shares of Dominion Energy during the 3rd quarter worth approximately $222,000. Institutional investors own 73.04% of the company's stock.

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Dominion Energy Price Performance

Shares of D traded up $1.52 during trading hours on Friday, hitting $55.21. 6,523,532 shares of the company were exchanged, compared to its average volume of 4,824,560. The company has a market cap of $47.04 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.22 and a beta of 0.59. 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 quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm's fifty day moving average is $55.05 and its 200 day moving average is $56.40.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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 analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on D shares. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.