Plimoth Trust Co. LLC Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

Plimoth Trust Co. LLC cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,480 shares of the utilities provider’s stock after selling 495 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Dominion Energy were worth $565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia increased its holdings in shares of Dominion Energy by 14.8% in the 3rd quarter. Bank of Nova Scotia now owns 86,661 shares of the utilities provider’s stock valued at $3,871,000 after purchasing an additional 11,194 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Dominion Energy in the third quarter valued at about $2,554,000. Quadrature Capital Ltd acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at approximately $990,000. Truist Financial Corp boosted its stake in shares of Dominion Energy by 15.8% during the 3rd quarter. Truist Financial Corp now owns 766,792 shares of the utilities provider’s stock worth $34,253,000 after acquiring an additional 104,903 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Dominion Energy by 29.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 175,617 shares of the utilities provider’s stock worth $7,845,000 after acquiring an additional 40,375 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 1.1 %

Shares of NYSE D opened at $48.54 on Wednesday. The firm has a market cap of $40.66 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74. The firm’s 50 day moving average price is $51.58 and its 200 day moving average price is $48.73.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on D. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Wells Fargo & Company raised their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. BMO Capital Markets lifted their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Finally, Mizuho increased their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.73.

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.