Kentucky Trust Co Takes $466,000 Position in Dominion Energy, Inc. (NYSE:D)

Kentucky Trust Co bought a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, Holdings Channel.com reports. The firm bought 8,645 shares of the utilities provider’s stock, valued at approximately $466,000.

Other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after buying an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after buying an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $1,223,000. Hotchkis & Wiley Capital Management LLC increased its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Finally, Barclays PLC increased its position in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.8 %

Shares of D stock opened at $55.73 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $46.81 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The company has a 50-day moving average of $54.47 and a two-hundred day moving average of $56.25. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy Announces Dividend

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

Wall Street Analyst Weigh In

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

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.