Dominion Energy, Inc. (NYSE:D) Stock Position Increased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. increased its stake in Dominion Energy, Inc. (NYSE:D) by 17.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,381 shares of the utilities provider’s stock after acquiring an additional 4,131 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Dominion Energy were worth $1,582,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of D. Family Firm Inc. purchased a new position in shares of Dominion Energy during the second quarter valued at $27,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy during the first quarter valued at $30,000. LRI Investments LLC purchased a new position in shares of Dominion Energy during the first quarter valued at $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy during the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy during the second quarter valued at $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.3 %

Shares of NYSE:D traded up $0.15 on Friday, reaching $58.23. The company had a trading volume of 2,459,670 shares, compared to its average volume of 4,421,705. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.94. The stock has a 50-day moving average price of $56.43 and a 200 day moving average price of $52.65. The stock has a market capitalization of $48.77 billion, a P/E ratio of 30.01, a P/E/G ratio of 1.55 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.59%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.50.

About Dominion Energy

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.