BTC Capital Management Inc. Has $3.05 Million Stock Position in Dominion Energy Inc. $D

BTC Capital Management Inc. lifted its stake in Dominion Energy Inc. (NYSE:D) by 23.1% in the third quarter, Holdings Channel.com reports. The firm owned 49,869 shares of the utilities provider’s stock after acquiring an additional 9,363 shares during the quarter. BTC Capital Management Inc.’s holdings in Dominion Energy were worth $3,050,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Dominion Energy by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares in the last quarter. Norges Bank acquired a new position in shares of Dominion Energy in the second quarter worth $566,924,000. Mizuho Markets Americas LLC increased its stake in shares of Dominion Energy by 139.3% in the third quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock worth $53,065,000 after acquiring an additional 3,073,835 shares during the last quarter. State Street Corp raised its holdings in shares of Dominion Energy by 2.9% during the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after acquiring an additional 1,313,621 shares in the last quarter. Finally, London Co. of Virginia boosted its position in Dominion Energy by 30.9% during the second quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock valued at $280,662,000 after purchasing an additional 1,172,445 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 2.1%

Shares of Dominion Energy stock opened at $66.46 on Friday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $66.79. The company’s fifty day simple moving average is $60.07 and its 200-day simple moving average is $60.36. The company has a market cap of $56.76 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.76 and a beta of 0.71. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is 90.82%.

Analyst Ratings Changes

D has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wells Fargo & Company cut their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. TD Cowen initiated coverage on shares of Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price for the company. Finally, BTIG Research initiated coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.33.

About Dominion Energy

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.