New Hampshire Trust Cuts Holdings in Dominion Energy, Inc. (NYSE:D)

New Hampshire Trust decreased its position in Dominion Energy, Inc. (NYSE:D) by 5.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,282 shares of the utilities provider’s stock after selling 311 shares during the period. New Hampshire Trust’s holdings in Dominion Energy were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Dominion Energy by 196.1% during 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 increased its stake in shares of Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares in the last quarter. International Assets Investment Management LLC increased its stake 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 worth $7,798,000 after purchasing an additional 157,175 shares in the last quarter. Diversified Trust Co increased its stake 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 worth $674,000 after purchasing an additional 7,071 shares in the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $263,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $49.81 on Friday. The stock has a market capitalization of $41.72 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The stock’s 50-day moving average price is $51.52 and its 200 day moving average price is $48.63. 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 issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping 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 return on equity of 7.50% and a net margin of 11.57%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.36%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on D shares. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Evercore ISI increased their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Guggenheim dropped their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Finally, BMO Capital Markets increased their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Ten investment 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 presently has an average rating of “Hold” and an average target price of $51.73.

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.