Tompkins Financial Corp Increases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Tompkins Financial Corp boosted its stake in Dominion Energy, Inc. (NYSE:D) by 14.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,370 shares of the utilities provider’s stock after acquiring an additional 560 shares during the quarter. Tompkins Financial Corp’s holdings in Dominion Energy were worth $235,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Dimensional Fund Advisors LP raised its position in shares of Dominion Energy by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after purchasing an additional 89,379 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in Dominion Energy by 28.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,684 shares of the utilities provider’s stock worth $279,000 after buying an additional 1,259 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Dominion Energy during the second quarter valued at approximately $214,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Dominion Energy by 0.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after acquiring an additional 500 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Dominion Energy by 16.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 92,473 shares of the utilities provider’s stock valued at $4,531,000 after acquiring an additional 13,357 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 2.7 %

D stock opened at $55.10 on Friday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The firm has a market cap of $46.28 billion, a PE ratio of 19.33, a PEG ratio of 1.16 and a beta of 0.60. The firm’s 50 day moving average price is $55.57 and its 200-day moving average price is $55.67. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

D has been the subject of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Company 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.