Wesbanco Bank Inc. trimmed its position in shares of Dominion Energy Inc (NYSE:D) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 195,512 shares of the utilities provider’s stock after selling 743 shares during the quarter. Wesbanco Bank Inc.’s holdings in Dominion Energy were worth $13,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. American International Group Inc. lifted its holdings in Dominion Energy by 7.3% during the 3rd quarter. American International Group Inc. now owns 221,234 shares of the utilities provider’s stock worth $15,548,000 after buying an additional 15,021 shares in the last quarter. BlackRock Inc. lifted its holdings in Dominion Energy by 0.8% during the 3rd quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock worth $3,245,357,000 after buying an additional 345,036 shares in the last quarter. Leisure Capital Management lifted its holdings in Dominion Energy by 263.4% during the 3rd quarter. Leisure Capital Management now owns 11,374 shares of the utilities provider’s stock worth $799,000 after buying an additional 8,244 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Dominion Energy by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock worth $431,998,000 after buying an additional 1,413,097 shares in the last quarter. Finally, Global Endowment Management LP acquired a new position in Dominion Energy during the 3rd quarter worth $6,592,000. Hedge funds and other institutional investors own 67.43% of the company’s stock.

Several research firms have issued reports on D. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, September 18th. Scotiabank began coverage on Dominion Energy in a report on Tuesday, July 24th. They set a “hold” rating and a $167.00 price objective on the stock. Barclays set a $79.00 price objective on Dominion Energy and gave the stock a “buy” rating in a report on Saturday. Macquarie set a $74.00 price objective on Dominion Energy and gave the stock a “buy” rating in a report on Tuesday, September 25th. Finally, Argus upped their price objective on Dominion Energy from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Dominion Energy has an average rating of “Buy” and a consensus target price of $84.58.

D opened at $74.17 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. Dominion Energy Inc has a 12 month low of $61.53 and a 12 month high of $85.30. The firm has a market capitalization of $48.75 billion, a P/E ratio of 20.60, a PEG ratio of 3.02 and a beta of 0.18.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Dominion Energy Inc will post 4.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.

In other news, Director John W. Harris bought 10,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the acquisition, the director now owns 17,495 shares in the company, valued at $1,244,769.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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

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