Trust Co. of Vermont Has $793,000 Position in Dominion Energy, Inc. (NYSE:D)

Trust Co. of Vermont reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,876 shares of the utilities provider’s stock after selling 16,265 shares during the quarter. Trust Co. of Vermont’s holdings in Dominion Energy were worth $793,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in Dominion Energy by 196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after purchasing an additional 259,978 shares in the last quarter. Morgan Stanley lifted its position in Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after acquiring an additional 803,341 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Dominion Energy by 1,797.9% during the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after buying an additional 157,175 shares during the last quarter. Diversified Trust Co raised its position in shares of Dominion Energy by 97.3% during the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after buying an additional 7,071 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at about $263,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on D shares. Mizuho increased their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Evercore ISI upped their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $51.73.

Dominion Energy Stock Down 1.5 %

Shares of NYSE:D traded down $0.75 during midday trading on Monday, reaching $49.68. 293,111 shares of the company were exchanged, compared to its average volume of 4,918,367. The firm has a market cap of $41.61 billion, a PE ratio of 25.99, a P/E/G ratio of 1.35 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The stock has a fifty day simple moving average of $51.48 and a two-hundred day simple moving average of $48.57. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.