Keybank National Association OH Sells 14,566 Shares of Dominion Energy Inc. (NYSE:D)

Keybank National Association OH lessened its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,082 shares of the utilities provider's stock after selling 14,566 shares during the quarter. Keybank National Association OH's holdings in Dominion Energy were worth $9,200,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Fairway Wealth LLC purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in Dominion Energy in the fourth quarter worth about $27,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

NYSE:D traded down $0.40 during mid-day trading on Monday, hitting $56.46. 4,270,317 shares of the company's stock traded hands, compared to its average volume of 4,764,192. The firm has a 50 day moving average of $55.57 and a two-hundred day moving average of $54.83. The firm has a market capitalization of $48.15 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.56. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.73%. Dominion Energy's payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

D has been the subject of several analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley reduced their price objective on 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. Finally, UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.