Tompkins Financial Corp Buys 300 Shares of Dominion Energy, Inc. (NYSE:D)

Tompkins Financial Corp grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,620 shares of the utilities provider’s stock after buying an additional 300 shares during the quarter. Tompkins Financial Corp’s holdings in Dominion Energy were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Investments LP bought a new position in Dominion Energy in the fourth quarter worth approximately $39,943,000. AGF Management Ltd. lifted its position in Dominion Energy by 6.7% during the first quarter. AGF Management Ltd. now owns 60,959 shares of the utilities provider’s stock valued at $3,408,000 after purchasing an additional 3,846 shares in the last quarter. Investment Management of Virginia LLC grew its holdings in Dominion Energy by 18.9% during the first quarter. Investment Management of Virginia LLC now owns 9,882 shares of the utilities provider’s stock valued at $553,000 after purchasing an additional 1,573 shares during the period. Trust Co. of Toledo NA OH increased its position in Dominion Energy by 13.8% in the second quarter. Trust Co. of Toledo NA OH now owns 37,991 shares of the utilities provider’s stock worth $1,968,000 after buying an additional 4,619 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of Dominion Energy by 4.6% during the 1st quarter. Foundations Investment Advisors LLC now owns 16,288 shares of the utilities provider’s stock valued at $911,000 after buying an additional 723 shares in the last quarter. 70.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on D. BMO Capital Markets reduced their target price on shares of Dominion Energy from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. The Goldman Sachs Group initiated coverage on Dominion Energy in a research note on Wednesday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $57.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, September 8th. Wells Fargo & Company reduced their price objective on shares of Dominion Energy from $61.00 to $55.00 in a research report on Monday, July 3rd. Finally, Guggenheim cut their target price on shares of Dominion Energy from $63.00 to $60.00 in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.15.

Dominion Energy Trading Down 0.9 %

NYSE D traded down $0.43 during trading hours on Tuesday, hitting $48.20. 653,401 shares of the company were exchanged, compared to its average volume of 4,342,903. Dominion Energy, Inc. has a 52 week low of $45.76 and a 52 week high of $81.31. The company has a quick ratio of 0.44, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a 50-day moving average price of $49.95 and a 200 day moving average price of $52.80. The stock has a market cap of $40.33 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46.

Dominion Energy (NYSE:D) last released its earnings results on Friday, August 4th. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. Dominion Energy had a return on equity of 11.94% and a net margin of 12.71%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Dominion Energy, Inc. will post 3.26 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.54%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.