Dominion Energy, Inc. (NYSE:D) Holdings Trimmed by Trust Point Inc.

Trust Point Inc. cut its holdings in Dominion Energy, Inc. (NYSE:D) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,538 shares of the utilities provider’s stock after selling 231 shares during the quarter. Trust Point Inc.’s holdings in Dominion Energy were worth $378,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Wedmont Private Capital boosted its stake in shares of Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 596 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Dominion Energy by 0.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 69,324 shares of the utilities provider’s stock worth $3,410,000 after purchasing an additional 386 shares in the last quarter. Ballentine Partners LLC raised its holdings in Dominion Energy by 6.8% during the 1st quarter. Ballentine Partners LLC now owns 12,030 shares of the utilities provider’s stock worth $592,000 after buying an additional 762 shares during the period. AdvisorNet Financial Inc lifted its stake in Dominion Energy by 25.8% during the first quarter. AdvisorNet Financial Inc now owns 3,992 shares of the utilities provider’s stock valued at $196,000 after buying an additional 819 shares in the last quarter. Finally, Lloyd Advisory Services LLC. boosted its holdings in shares of Dominion Energy by 350.3% in the first quarter. Lloyd Advisory Services LLC. now owns 19,640 shares of the utilities provider’s stock worth $966,000 after buying an additional 15,278 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.3 %

D opened at $59.92 on Friday. The company has a market capitalization of $50.19 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $60.73. The business has a 50-day moving average of $57.10 and a 200-day moving average of $53.33.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Nine 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.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $55.40.

About Dominion Energy

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.