Argent Trust Co Sells 3,238 Shares of Dominion Energy, Inc. (NYSE:D)

Argent Trust Co reduced its stake in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,454 shares of the utilities provider’s stock after selling 3,238 shares during the quarter. Argent Trust Co’s holdings in Dominion Energy were worth $1,852,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in D. Operose Advisors LLC raised its position in Dominion Energy by 158.0% during the 2nd quarter. Operose Advisors LLC now owns 516 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 316 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in Dominion Energy in the first quarter worth about $28,000. FSC Wealth Advisors LLC grew its holdings in Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares in the last quarter. Covestor Ltd increased its position in Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares during the period. Finally, Live Oak Investment Partners bought a new stake in shares of Dominion Energy in the 4th quarter valued at about $34,000. 70.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. Barclays raised shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $45.00 to $47.00 in a research report on Monday, November 6th. Scotiabank lowered shares of Dominion Energy from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $56.00 to $46.00 in a report on Monday, October 16th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $50.33.

Get Our Latest Analysis on D

Dominion Energy Trading Down 1.7 %

Shares of Dominion Energy stock opened at $44.86 on Monday. The firm has a 50-day simple moving average of $46.94 and a two-hundred day simple moving average of $46.63. The company has a market cap of $37.54 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.89 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $61.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 1.14.

Dominion Energy (NYSE:DGet Free Report) last announced its earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Dominion Energy had a return on equity of 10.94% and a net margin of 9.66%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the company earned $1.11 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.55 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 1st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.95%. Dominion Energy’s dividend payout ratio (DPR) is presently 136.23%.

Insider Activity at Dominion Energy

In related news, COO Diane Leopold sold 6,250 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $45.51, for a total value of $284,437.50. Following the completion of the transaction, the chief operating officer now directly owns 88,126 shares of the company’s stock, valued at approximately $4,010,614.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

About Dominion Energy

(Free Report)

Dominion Energy, Inc produces and distributes energy in the United States. It 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 approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Further Reading

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.