Sandy Spring Bank Has $1.87 Million Stake in Dominion Energy Inc (NYSE:D)

Sandy Spring Bank grew its position in Dominion Energy Inc (NYSE:D) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,140 shares of the utilities provider’s stock after purchasing an additional 140 shares during the period. Sandy Spring Bank’s holdings in Dominion Energy were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Trust Co. of Toledo NA OH lifted its stake in Dominion Energy by 0.4% during the second quarter. Trust Co. of Toledo NA OH now owns 34,009 shares of the utilities provider’s stock worth $2,630,000 after purchasing an additional 131 shares during the last quarter. 6 Meridian lifted its stake in Dominion Energy by 1.9% during the second quarter. 6 Meridian now owns 7,011 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 134 shares during the last quarter. Dividend Assets Capital LLC lifted its stake in Dominion Energy by 2.4% during the first quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after purchasing an additional 136 shares during the last quarter. Versant Capital Management Inc lifted its stake in Dominion Energy by 12.8% during the first quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 140 shares during the last quarter. Finally, Smithfield Trust Co. lifted its stake in Dominion Energy by 1.1% during the first quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock worth $981,000 after purchasing an additional 140 shares during the last quarter. 63.99% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price for the company. in a research note on Thursday, July 4th. Finally, ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.08.

Shares of D traded up $0.86 during trading hours on Thursday, reaching $76.19. The stock had a trading volume of 88,025 shares, compared to its average volume of 4,097,681. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $79.47. The company has a market cap of $60.52 billion, a PE ratio of 18.85, a PEG ratio of 3.71 and a beta of 0.25. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42. The stock has a 50-day moving average price of $76.41.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the company earned $0.86 EPS. Dominion Energy’s revenue was up 28.6% compared to the same quarter last year. On average, research analysts predict that Dominion Energy Inc will post 4.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, September 5th. Dominion Energy’s payout ratio is 90.62%.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. 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.

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

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