Busey Bank Acquires 1,026 Shares of Dominion Energy, Inc. (NYSE:D)

Busey Bank grew its holdings in Dominion Energy, Inc. (NYSE:D) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,160 shares of the utilities provider’s stock after acquiring an additional 1,026 shares during the quarter. Busey Bank’s holdings in Dominion Energy were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP acquired a new stake in Dominion Energy in the 2nd quarter worth $1,651,000. AQR Capital Management LLC increased its stake in Dominion Energy by 201.9% during the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock valued at $1,654,000 after acquiring an additional 22,567 shares during the period. NewEdge Advisors LLC raised its holdings in Dominion Energy by 31.5% in the 2nd quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock valued at $2,656,000 after acquiring an additional 12,999 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Dominion Energy by 12.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,538 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 914 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of Dominion Energy by 14.7% during the 2nd quarter. Clearbridge Investments LLC now owns 5,134 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 659 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several research reports. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Finally, Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Up 1.2 %

Shares of D opened at $55.78 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market cap of $46.86 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.20 and a beta of 0.60. The stock has a fifty day moving average price of $55.06 and a two-hundred day moving average price of $56.03. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. Dominion Energy’s payout ratio is 93.68%.

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.