Dominion Energy, Inc. (NYSE:D) Shares Sold by Bank of New Hampshire

Bank of New Hampshire reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 42.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,470 shares of the utilities provider’s stock after selling 3,275 shares during the quarter. Bank of New Hampshire’s holdings in Dominion Energy were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in D. Brighton Jones LLC increased its stake in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Dominion Energy by 19.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,128 shares of the utilities provider’s stock valued at $4,854,000 after purchasing an additional 14,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Dominion Energy by 8.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,086,092 shares of the utilities provider’s stock valued at $112,357,000 after acquiring an additional 165,613 shares during the period. Apollon Wealth Management LLC grew its position in Dominion Energy by 18.7% during the fourth quarter. Apollon Wealth Management LLC now owns 24,204 shares of the utilities provider’s stock valued at $1,304,000 after acquiring an additional 3,809 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in Dominion Energy by 3.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 27,433 shares of the utilities provider’s stock valued at $1,478,000 after acquiring an additional 787 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

D stock opened at $55.81 on Monday. 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, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The firm has a market cap of $47.59 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. The stock has a 50-day simple moving average of $54.45 and a 200-day simple moving average of $54.90.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on D. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Morgan Stanley lowered their price target on Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $58.63.

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.