Union Bankshares Corp grew its position in Dominion Energy Inc (NYSE:D) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,574 shares of the utilities provider’s stock after purchasing an additional 12,936 shares during the quarter. Dominion Energy makes up about 2.5% of Union Bankshares Corp’s investment portfolio, making the stock its 5th largest holding. Union Bankshares Corp’s holdings in Dominion Energy were worth $7,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Plimoth Trust Co. LLC raised its stake in Dominion Energy by 1.9% during the third quarter. Plimoth Trust Co. LLC now owns 18,254 shares of the utilities provider’s stock valued at $1,283,000 after purchasing an additional 333 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Dominion Energy by 0.8% in the fourth quarter. Moody National Bank Trust Division now owns 49,282 shares of the utilities provider’s stock valued at $3,521,000 after acquiring an additional 399 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Dominion Energy by 18.0% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,608 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 702 shares during the period. Cleararc Capital Inc. raised its stake in shares of Dominion Energy by 1.0% in the third quarter. Cleararc Capital Inc. now owns 74,464 shares of the utilities provider’s stock valued at $5,233,000 after acquiring an additional 720 shares during the period. Finally, Good Life Advisors LLC raised its stake in shares of Dominion Energy by 6.4% in the third quarter. Good Life Advisors LLC now owns 12,415 shares of the utilities provider’s stock valued at $873,000 after acquiring an additional 748 shares during the period. Institutional investors and hedge funds own 66.99% of the company’s stock.

Shares of NYSE:D traded down $0.64 during trading on Monday, reaching $69.21. The stock had a trading volume of 52,936 shares, compared to its average volume of 5,567,590. Dominion Energy Inc has a one year low of $61.53 and a one year high of $77.19. The stock has a market capitalization of $47.41 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.53 and a beta of 0.21. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. Dominion Energy’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. On average, research analysts forecast that Dominion Energy Inc will post 4.08 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 20th. Investors of record on Friday, December 7th were paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Thursday, December 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.

Several brokerages have recently weighed in on D. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Monday, January 7th. Macquarie set a $74.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research note on Tuesday, September 25th. Barclays set a $79.00 target price on shares of Dominion Energy and gave the company a “buy” rating in a research note on Saturday, November 17th. Argus increased their target price on shares of Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $85.55.

In other Dominion Energy news, CFO James R. Chapman purchased 4,053 shares of Dominion Energy stock in a transaction on Wednesday, December 19th. The stock was bought at an average cost of $74.02 per share, with a total value of $300,003.06. Following the transaction, the chief financial officer now owns 22,256 shares of the company’s stock, valued at approximately $1,647,389.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.34% of the company’s stock.

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Dominion Energy Company Profile

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure.

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

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