First Citizens Bank & Trust Co. Has $212,000 Stake in Dominion Energy, Inc. (NYSE:D)

First Citizens Bank & Trust Co. cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 90.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,676 shares of the utilities provider’s stock after selling 35,734 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Dominion Energy were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Family Firm Inc. acquired a new position in Dominion Energy in the second quarter valued at about $27,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at approximately $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $35,000. Finally, Kimelman & Baird LLC bought a new position in Dominion Energy in the second quarter valued at approximately $36,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.2 %

Shares of NYSE D opened at $60.03 on Tuesday. The firm has a 50 day moving average price of $57.21 and a two-hundred day moving average price of $53.44. The stock has a market cap of $50.28 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $60.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

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

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Finally, BMO Capital Markets upped their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $55.40.

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.