Webster Bank N. A. Reduces Stock Position in Dominion Energy, Inc. (NYSE:D)

Webster Bank N. A. trimmed its position in Dominion Energy, Inc. (NYSE:D) by 43.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 979 shares of the utilities provider’s stock after selling 750 shares during the quarter. Webster Bank N. A.’s holdings in Dominion Energy were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in D. International Assets Investment Management LLC boosted its holdings in Dominion Energy by 1,797.9% in 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 acquiring an additional 157,175 shares in the last quarter. SG Americas Securities LLC raised its holdings in Dominion Energy by 105.0% in the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after purchasing an additional 49,740 shares during the period. Wedmont Private Capital grew its stake in shares of Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 596 shares during the period. Sapient Capital LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $263,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dominion Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,885,024 shares of the utilities provider’s stock worth $229,596,000 after acquiring an additional 187,726 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on D. 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 note on Friday, May 3rd. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Wells Fargo & Company upped their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Barclays reduced their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Mizuho increased their price objective on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $52.18.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.28 during mid-day trading on Friday, reaching $54.47. The company’s stock had a trading volume of 2,942,182 shares, compared to its average volume of 4,646,718. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.60. The business has a 50 day moving average price of $51.37 and a 200-day moving average price of $49.69. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.45 and a beta of 0.58.

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

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

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.