Dominion Energy, Inc. (NYSE:D) Shares Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 146.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,848 shares of the utilities provider’s stock after buying an additional 8,225 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Dominion Energy were worth $800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $27,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at about $32,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D stock opened at $55.47 on Friday. The company has a market cap of $46.54 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. The stock has a 50 day simple moving average of $56.64 and a 200-day simple moving average of $52.86. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.94. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Company 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.