Busey Bank Has $386,000 Stake in Dominion Energy, Inc. (NYSE:D)

Busey Bank boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 16.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,160 shares of the utilities provider’s stock after acquiring an additional 1,026 shares during the quarter. Busey Bank’s holdings in Dominion Energy were worth $386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the 3rd quarter worth $28,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the period. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

D has been the subject of several recent analyst reports. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Up 1.2 %

NYSE:D opened at $55.78 on Friday. The company has a market cap of $46.86 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.20 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The business has a 50 day moving average price of $55.06 and a two-hundred day moving average price of $56.03. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 93.68%.

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.