Dominion Energy, Inc. (NYSE:D) Shares Acquired by Passumpsic Savings Bank

Passumpsic Savings Bank boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,639 shares of the utilities provider’s stock after purchasing an additional 199 shares during the quarter. Passumpsic Savings Bank’s holdings in Dominion Energy were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Dynamic Advisor Solutions LLC raised its stake in Dominion Energy by 8.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 6,428 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 491 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Dominion Energy by 11.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,827 shares of the utilities provider’s stock worth $825,000 after purchasing an additional 1,762 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Dominion Energy by 10.5% in the 2nd quarter. Wedmont Private Capital now owns 5,326 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 504 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Dominion Energy by 3.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider’s stock valued at $5,568,000 after acquiring an additional 3,990 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Dominion Energy by 6.1% in the 2nd quarter. V Square Quantitative Management LLC now owns 9,651 shares of the utilities provider’s stock valued at $473,000 after purchasing an additional 557 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Stock Performance

D opened at $55.54 on Wednesday. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock has a market capitalization of $46.65 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.49 and a beta of 0.59. The company has a fifty day moving average of $58.09 and a 200 day moving average of $55.19. 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 issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.81%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.