First Bank & Trust Increases Position in Dominion Energy Inc. (D)

First Bank & Trust boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,682 shares of the utilities provider’s stock after buying an additional 1,655 shares during the period. Dominion Energy makes up 1.7% of First Bank & Trust’s holdings, making the stock its 9th largest position. First Bank & Trust’s holdings in Dominion Energy were worth $2,053,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Parsec Financial Management Inc. grew its stake in Dominion Energy by 25.2% during the 3rd quarter. Parsec Financial Management Inc. now owns 6,776 shares of the utilities provider’s stock valued at $521,000 after purchasing an additional 1,363 shares during the last quarter. Meyer Handelman Co. grew its stake in Dominion Energy by 17.3% during the 3rd quarter. Meyer Handelman Co. now owns 16,299 shares of the utilities provider’s stock valued at $1,253,000 after purchasing an additional 2,399 shares during the last quarter. Duff & Phelps Investment Management Co. grew its stake in Dominion Energy by 396.8% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 519,263 shares of the utilities provider’s stock valued at $39,947,000 after purchasing an additional 414,740 shares during the last quarter. Aperio Group LLC grew its stake in Dominion Energy by 8.9% during the 3rd quarter. Aperio Group LLC now owns 317,891 shares of the utilities provider’s stock valued at $24,455,000 after purchasing an additional 26,062 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its stake in Dominion Energy by 57.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 4,841 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 1,767 shares during the last quarter. 64.41% of the stock is currently owned by institutional investors.

D has been the topic of several research analyst reports. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG upped their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. Royal Bank Of Canada restated a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a research note on Monday, August 21st. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $80.70.

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Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.60% and a net margin of 17.21%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s payout ratio is currently 89.09%.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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