Town & Country Bank & Trust CO dba First Bankers Trust CO Grows Stake in Dominion Energy, Inc. (NYSE:D)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 14.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,785 shares of the utilities provider’s stock after purchasing an additional 974 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Dominion Energy were worth $383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Dominion Energy by 103.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 52,717 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 26,757 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Dominion Energy by 14.8% in the 3rd quarter. Bank of Nova Scotia now owns 86,661 shares of the utilities provider’s stock valued at $3,871,000 after buying an additional 11,194 shares in the last quarter. Cape Cod Five Cents Savings Bank purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $212,000. Kinloch Capital LLC raised its stake in shares of Dominion Energy by 12.2% during the 3rd quarter. Kinloch Capital LLC now owns 5,252 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 571 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $2,554,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. BMO Capital Markets upped their target price on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Mizuho increased their price objective on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Evercore ISI raised their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.73.

Dominion Energy Price Performance

NYSE D traded down $0.61 during trading hours on Friday, reaching $49.00. The company’s stock had a trading volume of 6,707,023 shares, compared to its average volume of 3,965,151. The firm has a market capitalization of $41.04 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.31 and a beta of 0.60. The company’s 50-day moving average is $51.64 and its two-hundred day moving average is $48.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.74.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. On average, equities analysts predict 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 Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.45%. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.