Truist Financial Corp Has $28.91 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Truist Financial Corp lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 589,896 shares of the utilities provider’s stock after selling 22,798 shares during the quarter. Truist Financial Corp owned 0.07% of Dominion Energy worth $28,905,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares during the last quarter. Capital Research Global Investors grew its stake in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after buying an additional 10,370,768 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after buying an additional 2,801,687 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $67,854,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on D shares. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Trading Up 0.2 %

Shares of NYSE D opened at $58.36 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. The firm has a market capitalization of $48.88 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The company’s 50 day simple moving average is $56.20 and its 200 day simple moving average is $52.55.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. On average, analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.58%. Dominion Energy’s dividend payout ratio is 137.63%.

Dominion Energy Company 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.