First National Bank & Trust Co. of Newtown Sells 1,675 Shares of Dominion Energy, Inc. (NYSE:D)

First National Bank & Trust Co. of Newtown cut its stake in Dominion Energy, Inc. (NYSE:D) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,028 shares of the utilities provider’s stock after selling 1,675 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Dominion Energy were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of D. Sei Investments Co. increased its stake in Dominion Energy by 7.7% during the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares in the last quarter. Prudential PLC bought a new stake in Dominion Energy during the 1st quarter worth approximately $1,528,000. Sequoia Financial Advisors LLC increased its stake in Dominion Energy by 30.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 1,661 shares in the last quarter. Covestor Ltd increased its stake in Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in Dominion Energy during the 1st quarter worth approximately $419,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on D shares. Mizuho decreased their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Wells Fargo & Company raised their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Guggenheim decreased their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Scotiabank cut their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Finally, BMO Capital Markets downgraded Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $50.10.

Insider Activity

In other news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Dominion Energy Stock Performance

D stock traded up $1.01 during trading hours on Friday, hitting $49.58. 1,351,397 shares of the stock were exchanged, compared to its average volume of 5,372,844. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.90. The company has a 50-day simple moving average of $47.50 and a two-hundred day simple moving average of $46.01. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $41.53 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.90 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. On average, analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.39%. Dominion Energy’s dividend payout ratio (DPR) is currently 114.59%.

About Dominion Energy

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.