Atlantic Union Bankshares Corp Raises Stock Holdings in Dominion Energy Inc. $D

Atlantic Union Bankshares Corp boosted its stake in Dominion Energy Inc. (NYSE:D) by 27.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 95,384 shares of the utilities provider’s stock after acquiring an additional 20,412 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Dominion Energy were worth $5,835,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in shares of Dominion Energy by 6.9% during the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after buying an additional 12,041 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at about $3,574,000. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after acquiring an additional 14,715,895 shares during the period. Bryn Mawr Trust Advisors LLC boosted its stake in Dominion Energy by 19.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock worth $5,918,000 after purchasing an additional 16,731 shares during the period. Finally, Virtus Advisers LLC acquired a new position in Dominion Energy in the second quarter valued at $240,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE D opened at $60.09 on Tuesday. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The company’s 50-day simple moving average is $59.62 and its 200 day simple moving average is $60.06. The stock has a market cap of $51.31 billion, a P/E ratio of 20.44, a PEG ratio of 1.63 and a beta of 0.71.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on D shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a report on Monday, December 29th. BTIG Research started coverage on Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Evercore ISI started coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Finally, BMO Capital Markets lowered their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $64.33.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.