First Bank & Trust Has $823,000 Stock Position in Dominion Energy Inc. (NYSE:D)

First Bank & Trust trimmed its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 49.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,672 shares of the utilities provider's stock after selling 14,382 shares during the period. First Bank & Trust's holdings in Dominion Energy were worth $823,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. Fairway Wealth LLC acquired a new position in Dominion Energy in the fourth quarter worth about $27,000. Orion Capital Management LLC bought a new position in Dominion Energy during the fourth quarter worth about $27,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 0.4%

Shares of NYSE:D traded down $0.21 during midday trading on Wednesday, reaching $57.44. 7,516,322 shares of the company were exchanged, compared to its average volume of 4,745,686. The firm has a market cap of $48.98 billion, a PE ratio of 21.51, a P/E/G ratio of 1.23 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a fifty-two week low of $48.03 and a fifty-two week high of $61.97. The stock has a fifty day simple moving average of $55.34 and a two-hundred day simple moving average of $54.74.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on D shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley cut their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $58.38.

Dominion Energy Profile

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.