Adirondack Trust Co. Sells 526 Shares of Dominion Energy, Inc. (NYSE:D)

Adirondack Trust Co. decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,391 shares of the utilities provider’s stock after selling 526 shares during the period. Adirondack Trust Co.’s holdings in Dominion Energy were worth $344,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Oppenheimer & Co. Inc. grew its position in Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after buying an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $1,223,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC raised its holdings in Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 5.3 %

Shares of D opened at $52.93 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s fifty day moving average is $55.34 and its 200 day moving average is $55.88. The stock has a market capitalization of $44.46 billion, a PE ratio of 18.57, a P/E/G ratio of 1.22 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. Sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.04%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on D shares. Scotiabank raised their price target 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. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.58.

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.