HM Payson & Co. Sells 7,358 Shares of Dominion Energy, Inc. (NYSE:D)

HM Payson & Co. lessened its position in Dominion Energy, Inc. (NYSE:D) by 42.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,802 shares of the utilities provider’s stock after selling 7,358 shares during the quarter. HM Payson & Co.’s holdings in Dominion Energy were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Dominion Energy by 237.3% during the first quarter. EverSource Wealth Advisors LLC now owns 10,017 shares of the utilities provider’s stock valued at $511,000 after buying an additional 7,047 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Dominion Energy by 27.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 116,843 shares of the utilities provider’s stock worth $5,641,000 after purchasing an additional 25,208 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Dominion Energy in the first quarter worth about $554,000. Cetera Advisors LLC lifted its holdings in Dominion Energy by 78.6% in the first quarter. Cetera Advisors LLC now owns 76,824 shares of the utilities provider’s stock worth $3,779,000 after buying an additional 33,819 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Dominion Energy by 177.9% in the first quarter. Cetera Investment Advisers now owns 224,653 shares of the utilities provider’s stock worth $11,051,000 after buying an additional 143,821 shares during the period. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho lifted their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Wells Fargo & Company lifted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Scotiabank lowered their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets lowered their target price on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Finally, Barclays reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.64.

Dominion Energy Price Performance

D stock traded up $0.64 during mid-day trading on Friday, hitting $56.08. The company had a trading volume of 5,501,213 shares, compared to its average volume of 3,327,657. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.50 and a beta of 0.58. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.60. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $51.24 and a 200 day moving average price of $49.37.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.