Berkshire Bank Has $1.65 Million Stake in Dominion Energy, Inc. (NYSE:D)

Berkshire Bank cut its position in Dominion Energy, Inc. (NYSE:D) by 12.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,569 shares of the utilities provider’s stock after selling 4,499 shares during the quarter. Berkshire Bank’s holdings in Dominion Energy were worth $1,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Dominion Energy by 2.2% during the second quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock worth $2,647,000 after acquiring an additional 1,163 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Dominion Energy during the 2nd quarter valued at approximately $1,651,000. AQR Capital Management LLC increased its position in Dominion Energy by 201.9% during the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after purchasing an additional 22,567 shares in the last quarter. Creative Planning lifted its stake in Dominion Energy by 1.1% in the 2nd quarter. Creative Planning now owns 236,057 shares of the utilities provider’s stock valued at $11,567,000 after purchasing an additional 2,606 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Dominion Energy by 31.5% in the second quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock valued at $2,656,000 after buying an additional 12,999 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 4.2 %

Shares of NYSE D opened at $55.73 on Tuesday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s 50 day moving average price is $55.20 and its 200-day moving average price is $55.98. The company has a market capitalization of $46.81 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS 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 for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.