Private Trust Co. NA Decreases Stake in Dominion Energy, Inc. (NYSE:D)

Private Trust Co. NA lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,167 shares of the utilities provider’s stock after selling 312 shares during the period. Private Trust Co. NA’s holdings in Dominion Energy were worth $299,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of D. International Assets Investment Management LLC boosted its stake in shares of Dominion Energy by 7,438.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after acquiring an additional 1,463,858 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Dominion Energy during the second quarter worth $67,854,000. Assenagon Asset Management S.A. grew its holdings in Dominion Energy by 707.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,211,939 shares of the utilities provider’s stock valued at $70,038,000 after purchasing an additional 1,061,829 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after buying an additional 940,402 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Dominion Energy by 2,729.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 933,087 shares of the utilities provider’s stock worth $53,923,000 after buying an additional 900,114 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on D. Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.91.

Dominion Energy Stock Up 1.0 %

Shares of NYSE:D opened at $59.70 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market cap of $50.15 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.56 and a beta of 0.59. The stock’s 50-day moving average price is $58.18 and its two-hundred day moving average price is $54.99. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. On average, research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

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.