First National Bank & Trust Co. of Newtown Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

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

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after acquiring an additional 14,105,237 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Dominion Energy by 93,554.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after purchasing an additional 9,854,975 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Dominion Energy by 50.4% during the 1st quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock valued at $1,005,266,000 after purchasing an additional 6,028,220 shares in the last quarter. Norges Bank acquired a new stake in Dominion Energy during the 4th quarter valued at $332,276,000. Finally, Magellan Asset Management Ltd grew its holdings in Dominion Energy by 53.1% during the 3rd quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock worth $199,800,000 after acquiring an additional 1,551,611 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on D shares. Barclays decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday. Scotiabank reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, March 11th. Guggenheim reduced their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Finally, StockNews.com downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $50.10.

Dominion Energy Stock Performance

NYSE:D traded up $1.01 during mid-day trading on Friday, hitting $49.58. The stock had a trading volume of 1,351,397 shares, compared to its average volume of 5,372,844. The stock has a market capitalization of $41.53 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.90 and a beta of 0.61. 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 company has a 50 day simple moving average of $47.50 and a 200-day simple moving average of $46.01. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90.

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

Dominion Energy Dividend Announcement

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

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value of $99,982.20. Following 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 SEC, which is available through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value of $99,982.20. Following 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 SEC, which is available through the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

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.